On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial ended and now ten jurors will decide the fate of the billion dollar Bitcoin lawsuit. While Craig Wright claims he is Satoshi Nakamoto, he also insists that the late Dave Kleiman did not help develop Bitcoin. Plaintiffs hope to win an incredibly large sum of money and intellectual property (IP) valued at billions of dollars.
Kleiman v. Wright Trial is nearing its end
The infamous Kleiman v Wright trial is nearing its end and the cryptocurrency community is witnessing the long-awaited decision of a jury in Miami, Florida. Plaintiffs attorney representing the Kleiman estate, Vel Freedman, tweeted about the case after the closing arguments ended and the jury reached a decision. Kleiman v Wright Update: Case presented to the jury. Closures made. Now we’re waiting, ”Freedman explained on Tuesday afternoon (EST).
Freedman also thanked a number of colleagues who helped his law firm with the case. After the closing arguments, the ten jurors will decide. The jury did not come to a conclusion on Tuesday and the judges will meet again on Monday. Coingeeks Kurt Wuckert Jr. tweeted about the case and added Freedman after the final arguments.
“Vel Freedman had a very strong finish for Kleiman today,” said Wuckert Jr. “Rivero accidentally spilled water on his notes and had technical difficulties. He started his stride and made his points, but Freedman had a very direct and effective finish. Jury in consultation now. “
“Almost a trillion dollar verdict”
Various estimates suggest that the lawsuit’s verdict could result in a massive order if plaintiffs win. Coingeek’s contributing writer Jordan Atkins estimates the verdict could be due to the Kleiman estate “in a portion of a bitcoin fortune valued at more than $ 70 billion.” Coindesk author Deirdra Funcheon predicts that the verdict could be around “$ 36 billion (the value of the bitcoin in dispute)” and “$ 126 billion (the value of the intellectual property in dispute)”.
In addition, there is potential for billions in punitive damages if the Kleiman estate wins. Law360 author Carolina Bolado covered the case extensively for Law360 and also on her Twitter account. “The amount of money the plaintiffs are asking here is staggering,” said Bolado wrote on twitter. “If they get it all, triple civil theft damages and potential punitive damages, we are up against nearly a trillion dollars in judgment. It’s hard to understand. ”In a previous tweet, Bolado wrote:
We are now packing the instructions to the jury. An interesting note: you must be unanimous in your decision.
In addition to the summaries of Bolado, Funcheon, Wuckert Jr. and Atkins, the Twitter accounts Arthur van Pelt (@mylegacykit) and the artist named Fractal Encrypt (@fractalencrypt) have also dealt extensively with the Kleiman v. Wright trial. While the court jury was unable to come to a conclusion earlier in the week, the Thanksgiving holiday in the United States postponed the final trial for a full six days.
What do you think of the upcoming Kleiman vs. Wright trial? Let us know what you think on this matter in the comments below.
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