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Mt. Gox

Canadian class action announcement

17 Mar, 2014

Canadians with deposits in Mt Gox announce a class action for $500 million in compensation for  losses on the exchange. The lawsuit targets Mt. Gox, Karpeles and Jed McCaleb, and Mizuho bank, one of the largest banks in Japan, according to a notice of action to Ontario Superior Court. Toronto litigation lawyer Ted Charney said:

We’re never going to find out what’s going on unless we start a lawsuit because it’s the only way we’re going to get access to the records. It’s really the only way to get the thing going.

The notice of action, a summary of the case, gives lawyers a month to file a substantive statement of claim.