Bitcoin Firm Opposes Insurer’s Bid To Bifurcate Bad Faith Claim In Coverage Suit
Mealey's (December 1, 2015, 11:37 AM EST) -- ATLANTA — In a Nov. 24 opposition brief, a bitcoin payment processor told a Georgia federal court that its insurer’s motion to bifurcate a bad faith claim from a related breach of contract claim “is an improper waste of judicial resources” that will “dramatically increase the costs of” litigation, in which it seeks coverage for losses from a phishing scam (Bitpay Inc. v. Massachusetts Bay Insurance Co., No. 1:15-cv-03238, N.D. Ga.).
(Opposition to motion available. Document #24-151217-004B.)
Bitpay Inc. also argues that the insurer’s corresponding request...