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Craig Wright Seeks New 30-Day Extension in Bitcoin Lawsuit

Craig Wright Seeks 30-Day Delay on BTC Payout

Written byMaxwell Mutuma
Edited by Niharika Deshpande
September 19, 2019
in Bitcoin News
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Craig Wright, who claims to be the inventor of Bitcoin or BTC, has sought yet another extension of a deadline to resolve his pending case. The case also involved his late partner Dave Kleiman.

Wright’s lawyers had filed the new 30-day additional time limit on September 17, for all the case deadlines and discovery. The lawyers explained the requirement to facilitate the continuing dialog with Wright’s partner late Dave Kleiman’s estates as the parties have taken up huge settlement talks.

If the content in the document is to be believed, Wright’s attorneys and Kleiman’s estate have arrived at an ineffectual agreement to sort out the case and are pursuing to settle and finalize all the appropriate terms.

The 30 days extension has come after a two-week extension granted on August 30. Earlier, the court had ordered to give 50 percent of approximately 1 million Bitcoin which Craig Wright had minted with his late partner Kleiman as per Bitcoin news updates. Soon after the court order, Wright’s lawyers decided to file an extension of 14 days on August 30.

Wright’s attorney had highlighted several reasons for the 30-day extension. The attorneys cited a few forthcoming deadlines which included Wright’s disagreement to Judge Reinhart’s sanctions order which is scheduled to take place on September 24. Another deadline includes the plaintiff’s motion for lawyers’ fees which is scheduled for September 20. According to the defendant party’s claim, arriving at a final binding settlement will be in the best interest of both the parties and it needs an extension of the time limit.

Craig Wright’s party sought to defy Reinhart’s order in the support of Dave Kleiman’s estate in the filing. As per the Reinhart’s order, Wright is required to shell out 500,000 Bitcoins. Wright’s party argued that he did not concede that the judge has the authority to enter the order.

Earlier, at the end of August, Wright opined that Dave Kleiman’s estate may witness some tax-related problems with Bitcoins that they had won from him in the court case.

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Maxwell Mutuma

Maxwell Mutuma

Maxwell Mutuma is a crypto journalist at NameCoinNews, with over five years of experience in digital media and Web3 reporting. Since turning his focus to crypto in 2020, he has covered articles around blockchain infrastructure, DeFi protocols, exchange developments, and the broader decentralization movement. Maxwell's work is driven by a long-held conviction that decentralised technology represents a genuinely transformative force. He brings that perspective to his coverage of on-chain developments, regulatory shifts, and the global adoption of Bitcoin and digital assets.

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