In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken. Now the trial will start again and the Kleiman estate will depose Wright’s former chief financial officer, James Wilson on November 8.
Wright Breaks the Non-Binding Settlement as the Billion Dollar Bitcoin Lawsuit Continues
Australian native Craig Wright, the man who claims to be Bitcoin’s inventor, will be seeing more court proceedings in the near future as the notorious Kleiman v. Wright case is back on. Craig Wright is being sued by Ira Kleiman, the brother of the now-deceased David Kleiman, for allegedly interfering with David’s bitcoin assets and intellectual property after he died. Last September, news.Bitcoin.com reported on how the two parties were seemingly headed toward a settlement as both legal teams came to a non-binding settlement. This happened after the judge ruled the Kleimans were to be awarded 50% of Wright’s alleged BTC holdings and 50% of his blockchain intellectual property (IP). However, the Kleiman estate has filed a new court document which details that “Craig could no longer finance the settlement and was “breaking” the non-binding settlement agreement.” So Roche Freedman LLP wrote in the filing that after a lot of “lost time” the team will be “shifting back into preparing for trial.”
Following the broken settlement, the law firm explained it was in contact with James Wilson, the chief financial officer (CFO) of Craig’s companies in 2012-2013.