Galaxy Digital said Monday that a Delaware court found it had a “valid basis” to terminate a planned acquisition of crypto custodian BitGo after the company failed to deliver audited financial statements required by the merger agreement.
“We’re pleased with the court’s decision to dismiss BitGo’s claims,” Galaxy said in an emailed statement.
BitGo said last year that it would seek over $100 million in compensation for the termination of the deal.
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Source: https://www.theblock.co/post/234229/galaxy-says-delaware-court-found-it-had-valid-basis-to-terminate-bitgo-deal?utm_source=rss&utm_medium=rss