Post
Topic
Board Legal
Re: Mt.Gox Multi-plaintiff Suit
by
repentance
on 28/02/2014, 23:59:03 UTC
They only filed for bankruptcy protection for this exact reason, to stop class action law suits while they attempt to find a solution.

They are safe from class-action suits for the moment but they are still open to criminal suits, which I'm sure will ensue. Especially after more facts of the case become clear.

In Japan bankruptcy law does not protect executives from personal liability in the case of gross negligence - which is almost a certainty in this case in my opinion.

While that may be true, it doesn't mean that finding a law firm willing to take the case would be easy.  Law firms like to get paid.  Personal liability means jack shit if someone doesn't have the means to pay a judgement.