NYC court has no right to hear 'international' case argues Bancor firm

NYC court has no right to hear 'international' case argues Bancor firm


The legal team for a crypto firm facing possible securities law violations is asking for the case to be dismissed on geographical grounds. 

According to court records filed Oct. 13 in the U.S. Southern District of New York, lawyers for blockchain firm BProtocol Foundation argued that a court outside the U.S. would be more suited to oversee the case due to the “international” nature of the complaint. The BProtocol Foundation legal team said the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity,” which was not appropriate to try in New York.

“The Southern District of New York is convenient only for Plaintiff’s counsel — not for any of the parties or any of the would-be witnesses,” the legal team for BProtocol Foundation asserted. BProtocol is the parent company of decentralized liquidity network Bancor.

Trending: Trump Crowd Chants “CNN Sucks,” Jim Acosta Shares Video, Says “This isn’t Normal”

Co-founders Eyal Hertzog, Yehuda Levi, Guy Benartzi and Galia Benartzi suggested to Judge

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend