MtGox files to stop class action suit
Posted by: Timothy Weaver on 03/10/2014 11:59 AM
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Mt. Gox has filed for bankruptcy protection in the U.S.
If the Dallas sit is successful, lawsuits in the U.S. against the company would be temporarily halted.
The filing estimates the company has more than 100,000 creditors, assets of 6.5 billion (US$63 million) and liabilities of 3.84 billion.
Mt. Gox has only two shareholders. Tibanne Co. Ltd. holds 88 percent and an individual, Jed MacCaleb, holds 12 percent. MacCaleb developed the software that ran the service.
The case 14-31229, MtGox Co. Ltd. is in the U.S. Bankruptcy Court for the Northern District of Texas.
If the Dallas sit is successful, lawsuits in the U.S. against the company would be temporarily halted.
The filing estimates the company has more than 100,000 creditors, assets of 6.5 billion (US$63 million) and liabilities of 3.84 billion.
Mt. Gox has only two shareholders. Tibanne Co. Ltd. holds 88 percent and an individual, Jed MacCaleb, holds 12 percent. MacCaleb developed the software that ran the service.
The case 14-31229, MtGox Co. Ltd. is in the U.S. Bankruptcy Court for the Northern District of Texas.
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