4

Magnus Granath ordered to pay Craig Wright £93,000 in legal costs

 2 years ago
source link: https://coingeek.com/magnus-granath-ordered-to-pay-craig-wright-93000-in-legal-costs/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

Magnus Granath ordered to pay Craig Wright £93,000 in legal costs

Business

29 May 2022

Magnus ‘Holdonaut’ Granath has been ordered to make an interim payment of £93,000 (plus VAT) to Dr. Craig Wright with respect to his failed summary judgment application.

Last week, the English High Court finally decided on Granath’s application to have Dr. Wright’s defamation suit thrown out before trial. Granath had argued that Dr. Wright had no reasonable prospect of success, but the court disagreed.

On Wednesday, the formal order was handed down confirming the dismissal of Granath’s application and ordering the social media influencer to pay Dr. Wright’s legal costs associated with the failed attempt, which was initially heard back in February.

Though the costs are still to be agreed between the parties (or subject to detailed assessment if no such agreement can be reached), the court ordered Granath to make an interim payment of £93,000 plus VAT—meaning the full amount is still to be decided.

Granath has 14 days to pay the £93,000.

Earlier this year, in February, Granath paid Dr. Wright £140,000 in relation to Dr. Wright’s victory in the U.K. Court of Appeal in January, adding to a total of £70,000 already paid. With this latest order, Granath will have paid Dr. Wright £303,000—with more to be assessed and before trial even begins.

The parties will meet for a case management conference on July 8, where the trial date will presumably be locked in.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK