4 ms·
One of the sticking points holding up the bankruptcy process is the outstanding CoinLabs lawsuit[1]. There's not much room for Karpeles to maneuver due to the c
by otoburb 9y ago
One of the sticking points holding up the bankruptcy process is the outstanding CoinLabs lawsuit[1]. There's not much room for Karpeles to maneuver due to the cascading bankruptcy proceedings against both MtGox and Tibanne.
A small number of MtGox ex-customers cottoned on quickly to the possibility that any excess surplus might accrue to the shareholders and filed claims directly against Tibanne. The rest of the claimants have been left to organize amongst themselves. One such effort recently organized is MtGoxLegal[2].
The current sentiment is to try to convince the Japense court trustee that the principle of unjust enrichment[3] should apply, but nobody knows if this will hold under Japanese bankruptcy law in this situation.
Fun times abound.
[1] https://themerkle.com/mtgox-phoenix-rises/ https://themerkle.com/mtgox-phoenix-rises/
[2] https://www.mtgoxlegal.com/ https://www.mtgoxlegal.com/
[3] https://en.wikipedia.org/wiki/Unjust_enrichment https://en.wikipedia.org/wiki/Unjust_enrichment