What's Hot

    The bear market is the best opportunity

    June 25, 2022

    The new hunting ground for cryptocurrency scammers

    June 25, 2022

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » ‘Faketoshi’ May Need to Pay More Damages – or Face a Retrial – in New Episode of Kleiman vs. Wright
    News

    ‘Faketoshi’ May Need to Pay More Damages – or Face a Retrial – in New Episode of Kleiman vs. Wright

    AdminBy AdminJanuary 5, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Craig Wright. Source: a video screenshot, Coingeek

    The Australian computer scientist Craig Wright – a man who is known to the crypto community as “Faketoshi” due to unproven claims that he’s Satoshi Nakamoto – may have to return to court this year.

    Wright spent much of last year fighting a protracted legal battle with the estate of his former associate Dave Kleiman, who died in 2013. The case was brought forward by Kleiman’s brother Ira, and it appeared to have finally concluded late last year with both sides claiming victory – and Wright ordered to pay USD 100m in damages to W&K Info Defense Solutions, a firm he part-owns under his and his wife’s name.

    But per short documents filed today, Ira Kleiman and his legal team want to resume the battle – in a brand new trial. The Kleiman legal team wrote:

    “A new trial is necessary […] because [the] defense counsel repeatedly violated the court’s order, the issues in dispute were closed, the violations were prejudicial and counsel intentionally elicited the information and focused on it during the trial. ”

    However, the lawyers noted that a “partial (rather than full) retrial” was “appropriate.” The lawyers claimed that Wright’s legal team had sought to underplay the sibling relationship between Dave and Ira Kleiman.

    The Kleiman estate’s central claim is that Wright stole bitcoin (BTC) from his former friend (or, as Kleiman’s legal team have claimed, business partner), following the latter’s death. Wright, who told the court that he was Nakamoto, refuted the claims.

    A fresh installment of the legal slog will depend on the verdict of the District Court for the Southern District of Florida – although Wright’s legal team could well seek to file its own legal response.

    But it appears a retrial is not the only legal option on the table for the Kleiman estate. In another legal document, W&K filed a request for over USD 43.1m in pre-judgment interest – in addition to the USD 100m Wright has been ordered to pay, plus post-judgment interest, suggesting Wright has not yet paid up.

    W&K asked the court to charge pre-judgment interest dating back to November 2013, when an Australian court ruled on a “conversion of intellectual property” instance between Wright and W&K.

    The lawyers made note of legal precedent from a 1991 case held in Miami, whereby the court ruled that the “measure of damages in an action for conversion under Florida law is the fair market value of the property converted, together with interest at the legal rate from the date of the conversion to the date of the judgment. ”

    ____

    Learn more:
    – USD 100M Jury Verdict in Craig Wright Case Brings More Confusion
    – Craig Wright & Deadlock, Randi Zuckerberg Gets a Crypto Task + More News

    – Satoshi-era Bitcoin Miner Calls Craig Wright a Fraud Using “His” BTC Addresses
    – Craig Wright Wins Bitcoin White Paper Copyright Case on Technicality

    – Craig Wright to Return to Court after ‘Failing’ to Pay Settlement
    – Craig Wright Fights Back: ‘You Don’t Understand Digital Signatures At All’

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Work on a Multi-CBDC Platform Has Revealed ‘More Questions Than Answers’ – BIS

    March 22, 2022

    Japan’s Crypto Exchanges Set to Speed ​​Up and Simplify Crypto Listing Process

    March 22, 2022

    Crypto Donations To ‘Freedom Convoy’ Evade Government Seizure

    March 22, 2022

    DeFiance Founder’s USD 1.76M Loss is a Lesson For NFT Investors

    March 22, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • The bear market is the best opportunity
    • The new hunting ground for cryptocurrency scammers
    • Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High
    • Ava Labs launches a handy new feature
    • Dogecoin, a cryptocurrency of choice for criminals?

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    The bear market is the best opportunity

    June 25, 2022

    The new hunting ground for cryptocurrency scammers

    June 25, 2022

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy