Cryptsy Class Action Lawyers Launch New Claims Site

The legal team behind the class action lawsuit against defunct digital currency exchange Cryptsy has launched a new site in a bid to locate potential claimants.

The site, CryptsySettlement.com, details the process by which affected customers of the exchange can submit a claim or to request an exclusion – an option potentially preferred by those hoping to launch their own litigation related to the exchange. Potential claimants have until 17th May to file, with a fairness hearing scheduled for 2nd June.

According to David Silver, one of the attorneys working on the class action suit, the settlement fund has collected over $1m. In October, plaintiffs in the case settled with Lorie Ann Nettles, the ex-spouse of CEO Vernon, who they claimed had benefited from funds received during the operation of the exchange.

That said, any potential payout would need to be approved by the court in Florida. As the site statement explains:

“The Court in charge of this case still has to approve the settlements with the Settling Defendants. Payments will be made if the Court approves the settlements and orders that the settlement funds be distributed, and if any appeals of the Court’s approval

Read more ... source: CoinDesk

Let's block ads! (Why?)

Powered by Bitcoin Central