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Mark Karpeles: Class Action Lawsuit Not Favorable for Creditors
Last Updated: 12 March 2021
Mark Karpeles, the former CEO of the bankrupt Mt. Gox bitcoin exchange, has filed a supplement in opposition to a class certification lawsuit brought before the U.S District Court by the exchange’s creditors.
Disregard Class Certification Judgment
The supplement that is one of two goes on to list reasons why a class-action lawsuit will not be in the complainant’s interest. According to the legal representative of Karpeles, a refund plan was already in place through the draft rehabilitation plan.
The rehabilitation plan, as stated out in a draft that has Nobuaki Kobayashi, Attorney-at-law, as a witness, will see Mt. Gox’s creditors paid back through Bitcoin, Bitcoin Cash, and Yen based on the current market valuation.
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