Federal prosecutors have announced plans to seek the dismissal of a whistleblower lawsuit accusing Dish Network and others of defrauding the Federal Communications Commission (FCC) out of $3.3 billion. In a separate development, Digital Currency Group (DCG) has filed motions to dismiss claims by the New York Attorney General (NYAG) alleging that the company hid losses and cheated customers. The lawsuit, which seeks $3 billion in damages, has been described by DCG and its founder, Barry Silbert, as baseless. An exhibit from DCG's motion revealed discussions of a potential merger between Gemini and Genesis, indicating the complexity of the case.
Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing 'Baseless Innuendo' and Integrity in Operations https://t.co/osN560yUIe
Crypto Exec Barry Silbert’s Firm Wants New York’s $3 Billion Genesis Fraud Suit Tossed Out—Calling It ‘Baseless’ https://t.co/bi5IHg8m2e https://t.co/P1hDs7W39w
Today, @DCGco and @BarrySilbert filed Motions to Dismiss the lawsuit brought by @NewYorkStateAG. The leading companies in our industry continue to push back within a hostile regulatory environment. https://t.co/Fcv6OCDcqV
DCG and Silbert want to dismiss the NYAG’s $3 billion suit https://t.co/ZDcGs98SpX
DCG and Barry Silbert File Motions to Dismiss NYAG Lawsuit https://t.co/xEohthubvD https://t.co/sbD2Yv3MB7
Wow Exhibit from DCG motion to dismiss NYAG lawsuit shows that Barry and Cameron Winklevoss discussed a merger between Gemini and Genesis https://t.co/cDWVv4u9kv
JUST IN: DIGITAL CURRENCY GROUP (DCG) FILES TO DISMISS NY ATTORNEY GENERAL CLAIMS IT HID LOSSES AND CHEATED CUSTOMERS
Federal prosecutors say they will seek dismissal of a whistleblower suit alleging that Dish Network and others defrauded the FCC out of $3.3 billion. https://t.co/Rz4vceVGZK