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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Mt. Gox's US bankruptcy approved

U.S. Bankruptcy Judge Stacey Jernigan approved Mt. Gox’s filing for protection under Chapter 15 of the bankruptcy law in Dallas on June 17, according to Bidness Etc. The beleaguered bitcoin exchange closed down earlier this year after losing over $300 million worth of the cryptocurrency. Under its Chapter 15 filing, Mt. Gox will be able to commence […]

Author: Joel R. Glucksman

June 26, 2014

Mt. Gox creditors ask judge to approve settlement

The U.S. creditors of the now-defunct Mt. Gox bitcoin exchange have asked a U.S. judge to approve a proposed settlement that would revive the company, according to Bloomberg. The settlement would still have to be approved by the Japanesebankruptcy court overseeing the company’s liquidation, but would return some money to depositors and resolve claims against […]

Author: Joel R. Glucksman

May 15, 2014

Mt. Gox

Mt. Gox founder won't appear for U.S. bankruptcy hearing

Mark Karpeles, the founder of former Bitcoin exchange Mt. Gox, has announced that he will not be coming to the U.S. to answer questions about his company’s U.S. bankruptcy filing, according to Reuters. In a court filing, Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury’s Financial Crimes Enforcement Network, or FinCEN, […]

Author: Joel R. Glucksman

April 25, 2014

Temporary Mt. Gox bankruptcy filing accepted

After scandal, uncertainty and accusations of massive fraud, Mt. Gox has been afforded some good news. According to PYMNTS.com, the embattled Tokyo exchange was granted protection in the U.S. under Chapter 15 of the bankruptcy law on March 10. This determination will allow the crypto-currency exchange to continue to operate internationally while negotiating the resolution […]

Author: Joel R. Glucksman

March 18, 2014

Mt. Gox insolvency may lead to bankruptcy

The Mt. Gox exchange has been the largest financial exchange for Bitcoin throughout most of the currency’s existence. All of that changed in recent weeks, when a error in the exchange’s transaction protocol led Mt. Gox to halt all Bitcoin withdrawals, according to The New York Times. On Monday, Feb. 24, the exchange appeared to be on the verge […]

Author: Joel R. Glucksman

March 4, 2014

Mt. Gox

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