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News Explorer — DCG Requests Consolidation of Two Class-action Lawsuits to Promote Efficiency, Avoid Conflicting Decisions

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Jun 2, 10:01 am
Cointelegraph

DCG Requests Consolidation of Two Class-action Lawsuits to Promote Efficiency, Avoid Conflicting Decisions

Digital Currency Group and its CEO, Barry Silbert, have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter. The defendants argued that both cases have similar facts, legal issues, and class definitions, and that consolidation would be necessary to avoid conflicting decisions and promote judicial efficiency. The plaintiffs in Connecticut contested the move, expecting the plaintiffs in New York to oppose the transfer due to the uncertain nature and scope of the claims.

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