In response to Justice Myers’ request for more information/evidence of damages, on December 16, 2022, Equibit Group filed a 456-page Supplementary Motion Record containing correspondence from dozens of financial institutions and other companies expressing interest in the Equibit network. The Motion contains a report from valuations experts Crowe Soberman, attesting to reasonableness of the $120 million claimed.
In point of fact, were we to update the valuation methodology and bring the value of damages up to the present-day (April 2026), the damages would be in excess of $700 million dollars.
Below is a copy of that Motion.
On the same day, a Supplementary Factum was also filed, summarizing the evidence presented in the Motion and the relevant case law to support our claims.
Below is a copy of the Factum.
