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2024-05-24

Delaware Supreme Court Allows BitGo's $100M Lawsuit Against Galaxy to Move Forward

In a recent ruling, the Delaware Supreme Court has overturned the decision of the Court of Chancery and allowed BitGo's $100 million lawsuit against Galaxy to proceed. The court deemed the definition of the merger agreement between the two companies to be ambiguous, leading to the decision to hear the case. This development has significant implications for the ongoing legal battle between BitGo and Galaxy, and could have a major impact on the future of the fintech industry. Stay tuned for updates on this developing story.