TheBlock
2020-05-28 16:32:09

Crypto fund investor loses injunction bid after court finds it would cause more harm than good

Quick TakeLawsuit by cryptocurrency fund investor sought to prevent fund from restructuring into an LLCCourt initially granted temporary restraining order, which would have prevented restructuring from taking place and precluded other investors from getting funds returnedCourt dissolved TRO after hearing argument from Defendants, after finding that the requirements for injunctive relief were not met and TRO would cause irreperable harm to defendants and others

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