Mr. Gay-Bouchery and Mr. McCaleb are said to be defendants in the earlier class-action suit (whose terms I have not had time to read yet) and to agree with this plan. If this deal is approved by the court, will they be freed of any responsibility for their roles in MtGOX's collapse?
Q: Why are you working with Jed McCaleb and Gonzague Gay-Bouchery?
This process takes pragmatism rather than idealism, and without a deal, the assets will be liquidated and customers will have no recourse. We all want an outlet for our anger and frustration, and we all want retribution, but the immediate goal at hand is to get a deal done to avoid liquidation, because once that happens the company is gone and there will be no standing left to go after Mark or investigate the lost coins.
Q: What do Jed and GGB get out of the deal?
In return for their full cooperation in recovery and prosecution of those responsible, we have agreed to release both defendants from the claims in the lawsuit.