Crypto fund investor loses injunction bid after court finds it would cause more harm than good
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Quick Take
- Lawsuit by cryptocurrency fund investor sought to prevent fund from restructuring into an LLC
- Court initially granted temporary restraining order, which would have prevented restructuring from taking place and precluded other investors from getting funds returned
- Court dissolved TRO after hearing argument from Defendants, after finding that the requirements for injunctive relief were not met and TRO would cause irreperable harm to defendants and others
A lawsuit by a cryptocurrency fund investor sought to prevent a fund from restructuring into an LLC.
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