Investment Fund’s Bitcoin Investment Lawsuit Survives Dismissal Bid

Mealey's (January 9, 2019, 2:01 PM EST) -- NEW YORK — A federal judge in New York on Jan. 7 ruled that an investment fund has sufficiently stated each of its claims for relief in a civil lawsuit against a former Bitcoin adopter who is alleged to have misappropriated approximately 5,000 Bitcoin he agreed to purchase for the fund in an attempt to promote his online platform for buying and selling the virtual currency (Winklevoss Capital Fund LLC v. Charles Shrem, No. 18-8250, S.D. N.Y., 2019 U.S. Dist. LEXIS 2648)....