$4 Billion Lawsuit Against Craig Wright – Motion to Dismiss Case Rejected by Judge

It’s been a rough year for Craig Wright. Having sided with Bitcoin SV in the Great-Bitcoin-Cash-Fork-of-2018 and acting with threats, bullying, and other lowbrow tactics has done him few favours. The controversy behind the Bitcoin Cash (BCH) fork has left BCH and BSV market prices and Wright’s reputation in tatters. The pain continues for Wright, who has just had his Motion to Dismiss a $4 billion lawsuit against him rejected by the Florida Courts.

The estate of David Kleiman, deceased blockchain developer and longtime associate of Wright is bringing a lawsuit against Wright alleging that he unlawfully converted over 300,000 BTC and transferred them into trusts and other instruments, and did not return them to Kleiman’s estate.

Read the full judgement here. Follow the full case here.

The Defendant seeks to dismiss Plaintiffs’ Amended Complaint on several grounds, including lack of standing, the failure to bring this action as a derivative suit, res judicata, forum non conveniens, the expiration of the applicable statute of limitations, international abstention, lack of personal jurisdiction and the failure to state legally sufficient claims. ECF No. [33] .

Wright’s grounds for dismissing lawsuit against him.

Wright sought to dismiss the lawsuit against him, throwing everything against the claim and seeing what would stick. Unfortunately for Wright’s legal team, it seems that few things stuck–the claims against him were for the most part upheld.

ORDER granting in part and denying in part 33 Motion to Dismiss for Failure to State a Claim. Counts III and IV are dismissed with prejudice. Defendant shall file his answer as to Counts I, II and V-IX, on or before January 10, 2019. (Answer Deadline 1/10/2019.) Signed by Judge Beth Bloom.

Kleiman v. Wright / 9:18-cv-80176-BB

Chief scientist at nChain, long time blockchain advocate, sometime claimer to be the elusive Satoshi, Wright’s relationship with digital assets has been a long and often contentious one. Having his request to dismiss the case thrown out with prejudice will no doubt be an eye-opener for Wright and his legal team. It is clear from the judge’s conclusions that the case against Wright is properly laid out, and demanding response. In essence, the courts want Wright to answer the accusations, and will not let him off the hook by dismissing the case.

Wright’s team have until 10th January 2019 to file his Response.

Our legal specialist will be following the matter as it develops through the judicial system.

Do you think Craig Wright unlawfully converted Bitcoin that was due to the Kleiman estate? Let us know in the comments below.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: Investing in cryptocurrencies involves risk and should be based on advice from qualified financial professionals. You can incur substantial losses: consider whether this is in line with your investment objectives and circumstances. Posts are based on the authors' opinion and accurate to the best of our knowledge. Our posts are not independent/financial/investment advice, nor endorsements of any product/asset/service. We try to maintain the accuracy of our information however we rely on external data which may include errors. We are not liable under any circumstances for loss or damage as a result of using our information or services.