United American Corp Fights Lawsuit Dismissal Against Crypto Mining Giant Bitmain

In a recent report, the United Corp claims the courts should not dismiss Bitmain from the U.S. antitrust suit, as Bitmain had asked. However, Bitmain is insisting that the court should wave off the case because the crypto company had missed a deadline to serve its claim against Bitmain.

After Bitmain’s request to the court, United Corp replied by denying the claims made by Bitmain. It claimed that Jihan Wu, Bitmain’s CEO, already knew about the suit against the company.

United Corp Disagrees With Bitmain

On the 12th of this month, Bitmain filed a motion against United Corp and asked the court to dismiss the lawsuit against them because United Corp missed the deadline by four days. According to Bitmain, they were not notified of the suit and should not be forced to honor a notification when they were not aware it.

Bitmain also said that its company does not have a strong link in the United States to be able to face a jury there. However, United Corp disagreed with Bitmain’s claim by pointing out that Jihan Wu, Bitman’s CEO, lives in San Francisco, presently.

Additionally, United Corp claimed to show that there are strong ties between The US and Bitmain. They believe there is enough proof to dismiss Bitmain’s claim stating otherwise.

United Corp Determined To Carry On With The Lawsuit

United Corp demonstrated its readiness to bring evidence to that effect by pointing out that Bitmain recently filed for an IPO in the US. Also, United Corp said Bitmain and its CEO share the same counsel with other related entities in the US.

The Crypto firm also has more evidence to prove Bitmain is wrong by sharing Bitmain’s entire historical business dealings in the United States.

Furthermore, the company said that Bitmain recently invested in a data center firm that’s based in Texas in a deal worth hundreds of millions of dollars. United Corps concluded that Bitmain’s claim of having no ties in the US does not have any basis.

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Ali Raza
Ali Raza
A freelance journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali's work has been published on a number of cryptocurrency publications.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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