US Lawyer: Mt. Gox Settlement Proposal Could Make Former Users Whole

US Lawyer: Mt. Gox Settlement Proposal Could Make Former Users Whole

The ongoing legal battle over the future of Mt. Gox took a sudden turn yesterday, when it was announced that Sunlot Holdings, the investor group seeking to buy what remains of the business, and lawyers representing the company's global consumer creditors had struck a settlement deal. Under that proposal, former exchange users would support Sunlot's bid to buy and relaunch Mt. Gox in exchange for a 16.5% equity stake in the new business and settle with key defendants, including former Mt. Gox chief marketing officer Gonzague Gay-Bouchery and original site creator and equity stakeholder Jed....


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