Florida District Court Rejects Craig Wright’s Request to Dismiss $4 Billion Lawsuit

The U.S. District Court, Southern District of Florida has rejected the request of Craig Wright to dismiss a $4 billion lawsuit against him, the court’s documents reveal.

Wright, the chief scientist of nChain, was sued by the estate of the deceased David Kleiman back in February. Reacting to the lawsuit, Wright filed a motion in April this year to dismiss the case.

Kleiman and Wright were business partners before the former passed away in 2013.

Kleiman was a cybersecurity expert and allegedly, one of the Bitcoin early developers. After he passed away, his family accused Wright of stealing around 1.1 million bitcoins from Kleiman.

The lawsuit accused Wright of seizing “Dave’s bitcoins and his rights to certain intellectual property associated with the bitcoin technology”.

That amount of bitcoins would be worth more than $4.2 billion as of press time.

According to the initial lawsuit, Wright “forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave’s signature on them”.

The latest lawsuit includes a figure of 300,000 bitcoins, worth over $1.1 billion.

Wright responded to accusations from Kleiman’s family on Twitter with one word – “Greed”.

In the latest set of developments, the judge rejected Wright’s request to dismiss the lawsuit against him.

“Here, the Court finds that Plaintiffs have sufficiently alleged a claim for conversion. The Amended Complaint alleges that Defendant converted at least 300,000 bitcoins upon Dave’s death and transferred them to various international trusts, which was an unauthorized act that deprived the Plaintiffs of the bitcoins therein. Accordingly, Plaintiffs’ claim for conversion (Count I) survives Defendant’s Motion to Dismiss.”

As Wright has been given to January to respond to the decision, we can say with assurance that this is likely the introduction in, what looks like, a long and tiring court battle.