On Tuesday 23 November, the pleadings of both parties in the Kleiman v. Wright ended and now ten jurors will decide the fate of the billion dollar bitcoin lawsuit. While Craig Wright claims to be Satoshi Nakamoto, he also insists that Dave Kleiman, now deceased, did not help in the creation of Bitcoin. The plaintiffs hope to win an incredibly large sum of money and intellectual property (IP) estimated in the billions of dollars.
Kleiman vs. Wright lawsuit comes to an end
The infamous Kleiman v. Wright is coming to an end and the cryptocurrency community is set to witness a long-awaited jury decision in Miami, Florida. Plaintiffs attorney representing the Kleiman estate, Vel Freedman, tweeted about the case when pleadings were completed and the jury left to make a decision. “Kleiman vs. Wright Update: Case Submitted to Jury.” Closures made. Now we wait ”, Freedman Explain Tuesday afternoon (EST).
Freedman further thanked some of the colleagues who assisted his law firm in the case. After the pleadings, it is now up to ten jurors to decide. Jurors did not come to a conclusion on Tuesday and court jurors will meet again on Monday. Kurt Wuckert Jr from Coingeek. tweeted on the case and supplemented Freedman after oral argument.
“Vel Freedman finished very strong for Kleiman today,” said Wuckert Jr.. “Rivero accidentally spilled his water on his notes and had to deal with technical difficulties. He caught up with his stride and made his points, but Freedman had a very direct and efficient finish. Jury in deliberation now.
“Close to a trillion dollar judgment”
Various estimates note that the trial judgment could lead to a massive order if the plaintiffs win. Coingeek contributing writer Jordan Atkins believes the ruling could give the Kleiman estate “the right to a portion of a bitcoin fortune worth over $ 70 billion.” Coindesk author Deirdra Funcheon predicts the judgment could be around: “$ 36 billion (the value of the bitcoin at issue)” and “$ 126 billion (the value of the intellectual property at issue)” .
Plus, there are billions of dollars in potential punitive damages if the Kleiman Estate wins. Contributing Law360 author Carolina Bolado covered the case in detail for Law360 and on her Twitter account as well. “The amount of money the plaintiffs are asking for here is staggering,” Bolado wrote on Twitter. “If they get it all, with triple damages for civil theft and potential punitive damages, we’re looking at a judgment of almost a trillion dollars. It is even difficult to understand. In a previous tweet Bolado wrote:
We now complete the instructions to the jury. An interesting remark: they must be unanimous in their decision.
In addition to summaries from Bolado, Funcheon, Wuckert Jr. and Atkins, the Arthur van Pelt Twitter accounts (@mylegacykit) and the artist nicknamed Fractal Encrypt (@fractalencrypt) also covered in detail the Kleiman v. Wright. While court jurors were unable to come to a conclusion earlier this week, the Thanksgiving holiday in the United States postponed final proceedings for six full days.
What do you think of the upcoming Kleiman v. Wright? Let us know what you think of this topic in the comments section below.
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