Verdict in Craig Wright Civil Trial: $100M Award for Plaintiff, But No Punitive Damages - Aliens: AI Crypto News & Markets Updates

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Verdict in Craig Wright Civil Trial: $100M Award for Plaintiff, But No Punitive Damages

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Blockworks

Tue, Dec 07, 2021

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Wright’s defense team’s declares victory, as their client avoids the worst outcomes The jury deliberated for a fifth day, and was unable to reach agreement last week but were instructed by the judge to keep trying Jurors in the Florida trial of Craig Wright, an Australian computer scientist who claims to have invented Bitcoin, were deadlocked as recently as last Wednesday, after several days of deliberations.

On Monday, the jury found Wright liable on one of the plaintiff’s claims, that of conversion — unauthorized possession of personal property, in this case intellectual property — and awarded $100 million in damages, according to court documents .

Instead, the sole monetary award went to W&K Info Defense Research LLC, a company for which Ira Kleiman is now the only registered director, but was once a joint venture between Wright, his wife at the time Lynn Wright, and David Kleiman.

In a separate legal maneuver , the ownership of the company is an ongoing matter of dispute, and Lynn Wright contends that Ira Kleiman was “not authorized to act on behalf of W&K Info Defense.” Lawyers for Ira Kleiman, see the jury award as a win for their client, even if it falls far short of what they claimed: The identity of Satoshi Nakamoto was not a subject of this case.

It was simply assumed that Wright had access to Satoshi’s 1.1 million bitcoins, which could have been awarded as damages.

For Ira Kleiman to collect on the $100 million from Wright, due to W&K Info Defense Research, he will first have to resolve the dispute over the company’s ownership.

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