Mt. Gox Users, Mizuho Bank Seek Delay in Lawsuit to Await Compensation Outcome

U.S. investors and Japan’s Mizuho Bank have jointly asked a federal court in California to stay a case in which the financial institution is being sued for creating transaction difficulties for users around the time of Mt Gox’s collapse.

U.S. investors and Japan’s Mizuho Bank have jointly asked a federal court in California to stay a case in which the financial institution is being sued for creating transaction difficulties for users around the time of Mt Gox’s collapse.

According to Reuters, lawyers for the plaintiffs led by Joseph Lack and the defendant are asking for a stay in the case until February 28, 2019. This is to allow both the plaintiffs and the defendant added time within which to get a clearer picture over whether they are going to be compensated in full or partially for the losses incurred following the collapse of Mt. Gox, once the biggest exchange in the world for the flagship cryptocurrency. The delay will, consequently, enable the two parties to make informed recommendations to the federal court in Los Angeles on how the case should proceed.

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