Delaware $1.2B Crypto Merger revival: Galaxy’s Defense
However, Galaxy Digital, represented by Andrew Ditchfield of Davis Polk & Wardwell LLP, countered that the essence of the case boils down to a simple question: were the financial statements usable in regulatory filings? They maintained that BitGo’s submissions fell short of the agreed standards, providing a clean rationale for their termination of the deal.
Delaware $1.2B Crypto Merger revival: A Riveting Legal Battle
The courtroom drama unfolded as both sides presented their arguments before the full bench of the Delaware Supreme Court, a rare occurrence reflecting the complexity and significance of the case. Chief Justice Collins J. Seitz Jr. acknowledged the gravity of the matter, underscoring its intellectual intrigue.
Awaiting the Verdict
With the fate of the $1.2 billion merger hanging in the balance, the Delaware Supreme Court reserved judgment, leaving the crypto community and legal pundits on tenterhooks. BitGo’s quest for justice and Galaxy’s defense against alleged gamesmanship add layers of intrigue to a legal saga with far-reaching implications.