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Bitfinex/ NYAG: New York Supreme Court grants immediate stay of the document demands

source-logo  ambcrypto.com 22 May 2019 14:47, UTC

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“Bitfinex and Tether filed a motion to dismiss the proceeding brought by the New York Attorney General’s office on the grounds that (1) the Attorney General’s office lacks jurisdiction over Bitfinex and Tether, which do not do business in New York state; (2) New York’s Martin Act does not apply to the companies’ businesses; and, (3) the Martin Act cannot be used extraterritorially to compel a foreign corporation to produce documents stored overseas. Bitfinex and Tether also sought an immediate stay of the Attorney General’s document demands”

ambcrypto.com