BitGo is seeking $100 million for a busted $1.2 billion merger. The termination fee in that complaint is thought to be the largest ever requested by a cryptocurrency company.
December 06, 2023 at 05:42 PM
4 minute read
The original version of this story was published on Delaware Business Court Insider
The Delaware Supreme Court has been tasked with untangling SEC guidance and accounting standards wrapped into contract interpretation, with counsel for BitGo Holdings Inc. arguing the company deserves a chance to litigate its broken deal case with a record-breaking price tag.
BitGo filed its case in September 2022, seeking $100 million for a busted $1.2 billion merger. The termination fee in that complaint is thought to be the largest ever requested by a cryptocurrency company.
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