Parties in litigation over an incomplete cryptocurrency business merger got the rare chance for a do-over before the Delaware Supreme Court on Feb. 7, with the three-justice panel that heard the case two months ago determining the complex contract interpretation case should be heard by the full court.
The main issue in the case, which consumed the bulk of argument, is how to define the phrase “company 2021 audited financial statements,” which BitGo Holdings Inc. was required to provide to Galaxy Digital Holdings per the merger agreement under which Galaxy planned to acquire BitGo in 2022 for $1.2 billion.
