Swan Bitcoin sues its law firm for hiring a lawyer representing competitor Tether

2024-11-26 14:09:38

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ChainCatcher news, according to Cointelegraph, the Bitcoin financial services company Swan Bitcoin filed a lawsuit against its current legal advisor, Gibson, Dunn & Crutcher LLP, for legal malpractice in the California Superior Court on November 22. The lawsuit stems from the law firm's hiring of attorney Barry Berke, who represents the competitor Tether.

Swan Bitcoin previously hired Gibson as legal counsel in September to sue a group of former employees for allegedly stealing software code to establish the cryptocurrency mining company Proton Management. Swan claims that Proton persuaded Tether to sever its relationship with Swan and instead support Proton.

On November 24, Gibson filed a motion to withdraw from representing Swan in the case against Proton, stating that "the attorney-client relationship has completely broken down." In response, Swan filed for a temporary restraining order in the California Superior Court on November 25, seeking to prevent Gibson from withdrawing from the case and prohibiting it from accepting Tether as a client. The court has scheduled a hearing on the temporary restraining order for November 26.

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