Bitcoin
$ 35,006
Ethereum
$ 1,335.3
Litecoin
$ 148.18

Investors fight to keep Bancor securities case out of Israeli court

“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated lawyers in the class-action suit

Lawyers representing investors for BProtocol Foundation, the parent company of decentralized liquidity network Bancor, are asking for the case against the blockchain firm to be tried in the United States.

According to court records filed Nov. 2 in the U.S. Southern District of New York, lawyers for Timothy C. Holsworth, the lead plaintiff in the class-action lawsuit against BProtocol, argued that the firm’s executives’ “repeated and extensive contacts with the United States” for marketing the Bancor Network Token (BNT) made it the right venue.

“Defendants have not (and cannot) show that this Court is an inconvenient forum,” Holsworth’s legal team asserted. “Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail.”

Lawyers for BProtocol co-founders Eyal Hertzog, Yehuda Levi, Guy Benartzi, and Galia Benartzi previously filed a motion suggesting that a court outside the U.S. would be more suited to oversee the case.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Coinbase Sued For Helping Ripple Raise Billions by Selling XRP
January 20, 2021By
Ripple co-founder takes 25 day hiatus
January 20, 2021By
Russian exchange Livecoin shuts down after hack
January 20, 2021By

Advertisement

Video Posts

In
Africa Digital Finance Summit 2021
January 20, 20210
In
Promoting Blockchain Adoption in Africa
January 19, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin35,006 0.54 % 3.81 % 3.15 %
Ethereum1,335.3 1.23 % 4.78 % 27.73 %
Tether1.000 0.04 % 0.08 % 0.15 %
Polkadot17.51 0.52 % 5.46 % 111.90 %
XRP0.2931 0.56 % 2.32 % 0.15 %
Cardano0.3663 0.95 % 1.86 % 27.27 %
Litecoin148.18 1.40 % 6.43 % 11.41 %
Bitcoin Cash493.54 0.29 % 5.33 % 9.26 %
Chainlink21.30 1.22 % 0.98 % 53.23 %
Stellar0.2911 0.51 % 3.44 % 3.65 %