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My boring prediction on the Yuga v. Ripps lawsuit: - Defendants will not even answer the complaint. Defaults will be entered, Yuga will get a judgment, but Ripps won't pay and will continue to troll; or - If the Defendants do answer, the case will likely settle out of court.
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Why are these the most likely outcomes? Litigation is expensive and time-consuming. Both sides are looking at 6 figures in legal costs, escalating quickly toward 7 figures when you consider pleadings, pretrial motions, discovery, motion practice, and eventually a jury trial. /2
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cryptocurrency news. Crypto Outlook: https://t.co/octNKWsrtD CEO bought bitcoin amid bear market crash - Markets Insider https://t.co/ywNAXYIthu #crypto #cryptocurrency #BTC #bitcoin #money
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I've been a business litigation attorney for 16 years. Many of those years were spent at a large firm like the one representing Yuga. I've tried cases in various venues, but usually trial is a last resort - too much cost and risk, which creates incentives to find a compromise. /3
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