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Nagle
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March 12, 2014, 07:46:44 PM |
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I'm not sure what to think of this firm. But the fact that they don't have offices in Japan means they will probably be less effective than a firm that does. Nothing on their site indicates that they do international law or bankruptcy. Christopher Mirick, a partner at the international law firm Pillsbury Winthrop Shaw Pittman talked to the Wall Street Journal about what it will take to resolve this case. This is one of the world's leading international bankruptcy lawyers. Read what he had to say. Resolving this mess is quite possible, but expensive. The big-law approach would be to hire a firm that has offices in Tokyo and some other major cities around the world. Big firms have the resources to analyze a huge mass of confused records and find out what really happened. They use forensic accountants, computer security experts, interrogators, paralegals, translators, document databases, and other tools. Little firms without such resources may not be able to address this mess.
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buy4crypto
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March 12, 2014, 10:36:11 PM |
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Will be watching how this plays out. Thank you for the link.
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▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.com - funbtc.xyz ████▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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camem
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March 12, 2014, 10:41:25 PM |
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I note from the US release a couple of hours ago that the swift US chapter 15 bankruptcy was with the express purpose of stopping a US class action set of creditors gaining precedence over normal creditors and preventing fair repayment to creditors under japan's civil rehabilitation thing - and if I've understood correctly tomorrow a US hearing will decide whether paying 75k to US lawyers to make sure that chapter 15 protects assets from being frozen by the US class action guys is reasonable (i.e. in the interests of all creditors not just some)
so my question for working out whether selachii is worth it - is what's the equivalent for a UK led class action ? does chapter 15 in the US also protect the assets from the selachii club ?
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camem
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March 13, 2014, 06:33:20 PM |
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I note from the US release a couple of hours ago that the swift US chapter 15 bankruptcy was with the express purpose of stopping a US class action set of creditors gaining precedence over normal creditors and preventing fair repayment to creditors under japan's civil rehabilitation thing - and if I've understood correctly tomorrow a US hearing will decide whether paying 75k to US lawyers to make sure that chapter 15 protects assets from being frozen by the US class action guys is reasonable (i.e. in the interests of all creditors not just some)
so my question for working out whether selachii is worth it - is what's the equivalent for a UK led class action ? does chapter 15 in the US also protect the assets from the selachii club ?
and today it seems the US class action guys won and got the assets frozen first. Does this mean that some creditors are now more equal than others* ? Where does this leave joining up with selachii ? are we all supposed to join chicago ? any ideas ? *ref : george orwell
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okashira
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March 13, 2014, 09:20:51 PM |
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Looks like the US guys are actually making progress; The decision, according to Dore, was a victory for client Gregory Greene, the main plaintiff in the suit. In winning the temporary restraining order, he says, the plaintiffs will now be able to move forward with discovery proceedings.
"We view this as a big victory, this is often something that would take months to do," Dore told us.
"We are going to be able to unpack and examine what Karpeles and his entities have been doing and understand what the assets are," he said.While Selachii is stuck asking for money from its "clients," It's concerning they are asking for bitcoins, IMO, as well. Here is the US law firm working on the case: http://www.edelson.com/IMO, the end result is fraud. Karpeles allowed DEPOSITS and TRADING while the exchange was knowingly insolvent. That's unacceptable. It's actually sad that he hasn't had a warrant served already.
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Nagle
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March 14, 2014, 05:14:48 AM |
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I am also suspicious about 2Btc and think the same that 0.25btc would be sufficient
2 BTC is about two hours of lawyer time. It costs you that much to get acquainted. They're not overcharging. The question is whether they can do the job in Japan from the UK.
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wanellane
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March 14, 2014, 07:15:31 AM |
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Why this is being taken seriously? I think it shouldn't
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viajero
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March 14, 2014, 10:12:06 AM Last edit: March 14, 2014, 10:23:34 AM by viajero |
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2 BTC is about two hours of lawyer time. It costs you that much to get acquainted.
yeah, but only if you've made a name for yourself and won a couple of comparable suits. but even then, isn't the whole point of group/class action, to be more cost efficient?! only point (ii) will generate extra individual costs! 0.25 BTC should be sufficient to get started (validation of claims & Engaging in the Bankruptcy proceedings). IF there is going to be a lawsuit they surely have to charge more but on a contingency fee basis. or am i missing something? Please note that the fee is not just for a potential group action and includes the following:
(i) The written Opinion from Counsel referred to above, with regular updates as your case progresses. (ii) Management of your claim generally
(iii) Negotiation with Lawyers instructed by Mt. Gox (and others)
(iv) Engaging in the Bankruptcy proceedings
(v) Liaising with law firms in USA/Japan and any other relevant jurisdictions in respect of issuing class action proceedings.
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WhatTheGox (OP)
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March 20, 2014, 06:18:54 PM |
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Thank you for all your replies and suggestions.
I should hopefully be able to provide an update within 24/36 hours.
Questions & concerns in this thread still not addressed?
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Bit_Happy
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A Great Time to Start Something!
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March 21, 2014, 05:37:32 AM |
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Why this is being taken seriously? I think it shouldn't
Vultures are serious business. It's interesting to see them spend time on an effort to raise so much money from us.
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BitOnyx
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Cryptocurrencies Exchange
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March 21, 2014, 02:26:11 PM |
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So UK company want to sue japan company based on UK law ?!
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bitcoinsolicitor
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Bitcoin Lawyer in Kensington, London
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March 21, 2014, 02:44:18 PM |
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Thank you for all your replies and suggestions.
I should hopefully be able to provide an update within 24/36 hours.
Questions & concerns in this thread still not addressed? Our clients call us on + 44 (0) 20 7792 5649 or email info(at)selachii.co.uk for updates and advice. Or please book an appointment for an in person meeting at our London office. If you would like to obtain advice from any other law firm in England and Wales you may find firms here: http://solicitors.lawsociety.org.ukOr if you would like an estimate of costs and advice from a law firm in Japan you will find some here: http://japan.usembassy.gov/e/acs/tacs-7113.html
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viajero
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March 27, 2014, 08:04:00 PM |
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Did anybody join the selachii suit? If so, could you report how it proceeds?
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Nagle
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March 28, 2014, 06:42:00 PM |
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Did those guys ever actually do anything other than solicit customers? There's some action in the Tokyo District Court, but it doesn't seem to involve this outfit.
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WhatTheGox (OP)
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March 28, 2014, 08:39:20 PM |
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I didnt join because they didnt answer Q's & concerns. I dont think any lawyer can do that much right now anyway?
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which2say
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March 30, 2014, 03:46:19 AM |
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I do not understand why this is so valued.
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Bit_Happy
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A Great Time to Start Something!
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March 30, 2014, 04:21:38 AM |
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I do not understand why this is so valued.
It has faded, people are not paying the high fees.
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bitcoinlawyerexposure
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June 17, 2014, 08:41:42 AM |
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I think it's more likely that everyone googled Richard Howlett and Simon Taylor..... and realised what a pair of scumbags they really are.....
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ShakyhandsBTCer
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 17, 2014, 10:48:41 PM |
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As Mt Gox have filed for bankruptcy protection in Japan, it is important to realise that establishing liability against the company may not necessarily result in the recovery of damages, a position which will be carefully monitored. As in all litigation, there is a cost risk for a Claimant if that Claimant were to lose the litigation. However, we are examining options for Insurance policies that would protect Claimants from such costs.
Two things. 1. This is obvious, there are risks that you will not win your case. Why make your clients pay up front if you will purchase insurance against loosing? Wouldn't it make more sense to simply have the insurance company "front" the law firm the money for expenses and then repay the insurance company in the event that the case wins. 2. I am not sure about the ethics rules outside the United States, but my understanding is that in the US it is against ethics rules for attorney's to advertise for their services. This looks a lot like an advertisement. 3. (I know I only said two things but there is a 3rd point). Suing GOX would like lead to a lower recovery then would otherwise be received as GOX has limited assets that are less then total liabilities and would incur additional costs in dealing with a lawsuit.
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