The Daniel Patrick Moynihan U.S. Courthouse in the Southern District of New York. (Photo: Ryland West/ALM) Nasdaq-Traded Blockchain Company Countersues Financer Over 'Toxic Lending Practices'
"The parties never discussed these changes, which would result—if enforced in the case of a breach—in an unconscionable contract," Michael B. Carlinsky, co-managing partner at Quinn Emanuel Urquhart & Sullivan, wrote in the counterclaim.
October 15, 2024 at 04:53 PM
4 minute read
Cryptocurrency
What You Need to Know
- Ayrton Capital LLC sued Bitdeer Technologies Group in July for damages in excess of $32 million.
- Bitdeer filed a counterclaim on Monday for a declaratory judgment of unenforceability.
- Ayrton is represented by Global 100 law firm Freshfields Bruckhaus Deringer, while Bitdeer's counsel is from Am Law 20 firm Quinn Emanuel Urquhart & Sullivan.
A Nasdaq-traded blockchain company has fired back at an investment firm in a Manhattan federal district court over its eight-figure complaint, claiming that the action was the latest in a string of lawsuits in which borrowers have found themselves subjected to the financier's "toxic lending practices."
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