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Molly White
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 5 months ago

Crypto billionaire Justin Sun’s renewed motion for a temporary restraining order in his lawsuit against Bloomberg seems to confirm my view that the lawsuit was sparked by the disclosure that he controls 63% of the supply of TRX, the token issued by his Tron company.

Sun and Bloomberg had been “engaged in discussions that may moot the emergency relief”, but it sounds like Sun wanted more than they were willing to agree to.

My past reporting: https://www.citationneeded.news/justin-sun-bloomberg-lawsuit/
TRO motion: https://storage.courtlistener.com/recap/gov.uscourts.ded.90290/gov.uscourts.ded.90290.18.0_1.pdf

#crypto #cryptocurrency #JustinSun

1. Requiring Defendants, preliminarily until the hearing, and thereafter indefinitely, to remove the amounts of any specific cryptocurrency owned by Mr. Sun from any of its online publications; 2. Requiring Defendants, preliminarily until the hearing, and thereafter indefinitely, to retract its claim that Mr. Sun owns 60 billion Tronix and controls the majority of its supply; and 3. Enjoining Defendants, preliminarily until the hearing, and thereafter indefinitely, Defendants from publishing the amounts of any specific cryptocurrency owned by Mr. Sun in any future publication.
1. Requiring Defendants, preliminarily until the hearing, and thereafter indefinitely, to remove the amounts of any specific cryptocurrency owned by Mr. Sun from any of its online publications; 2. Requiring Defendants, preliminarily until the hearing, and thereafter indefinitely, to retract its claim that Mr. Sun owns 60 billion Tronix and controls the majority of its supply; and 3. Enjoining Defendants, preliminarily until the hearing, and thereafter indefinitely, Defendants from publishing the amounts of any specific cryptocurrency owned by Mr. Sun in any future publication.
1. Requiring Defendants, preliminarily until the hearing, and thereafter indefinitely, to remove the amounts of any specific cryptocurrency owned by Mr. Sun from any of its online publications; 2. Requiring Defendants, preliminarily until the hearing, and thereafter indefinitely, to retract its claim that Mr. Sun owns 60 billion Tronix and controls the majority of its supply; and 3. Enjoining Defendants, preliminarily until the hearing, and thereafter indefinitely, Defendants from publishing the amounts of any specific cryptocurrency owned by Mr. Sun in any future publication.
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Molly White
Molly White
@molly0xfff@hachyderm.io replied  ·  activity timestamp 5 months ago

Bloomberg has responded to Justin Sun’s renewed motion for a temporary restraining order.

“This is a case involving a crypto billionaire who is upset because a news report said he had more of a certain cryptocurrency than he wanted the public to know — based on information that his own representatives provided on the record.”

preliminary injunction hearing in the ordinary course. There are several reasons apparent on the face of the Motion that show Plaintiff cannot possibly prevail on his Motion. First, the injunctive relief Plaintiff seeks is a clear prior restraint prohibited by the First Amendment. Temporary restraining orders and preliminary injunctions are almost never granted against journalists for what they have published or may publish; such prior restraints are permitted only in truly “exceptional cases,” such as where the speech at issue would reveal the movements of troop ships in war time. Near v. Minnesota ex rel. Olson, 283 U.S. 697, 716 (1931).2 But this is a case involving a crypto billionaire who is upset because a news report said he had more of a certain cryptocurrency than he wanted the public to know – based on information that his own representatives provided on the record. There is no colorable argument that a prior restraint could be supported here.
preliminary injunction hearing in the ordinary course. There are several reasons apparent on the face of the Motion that show Plaintiff cannot possibly prevail on his Motion. First, the injunctive relief Plaintiff seeks is a clear prior restraint prohibited by the First Amendment. Temporary restraining orders and preliminary injunctions are almost never granted against journalists for what they have published or may publish; such prior restraints are permitted only in truly “exceptional cases,” such as where the speech at issue would reveal the movements of troop ships in war time. Near v. Minnesota ex rel. Olson, 283 U.S. 697, 716 (1931).2 But this is a case involving a crypto billionaire who is upset because a news report said he had more of a certain cryptocurrency than he wanted the public to know – based on information that his own representatives provided on the record. There is no colorable argument that a prior restraint could be supported here.
preliminary injunction hearing in the ordinary course. There are several reasons apparent on the face of the Motion that show Plaintiff cannot possibly prevail on his Motion. First, the injunctive relief Plaintiff seeks is a clear prior restraint prohibited by the First Amendment. Temporary restraining orders and preliminary injunctions are almost never granted against journalists for what they have published or may publish; such prior restraints are permitted only in truly “exceptional cases,” such as where the speech at issue would reveal the movements of troop ships in war time. Near v. Minnesota ex rel. Olson, 283 U.S. 697, 716 (1931).2 But this is a case involving a crypto billionaire who is upset because a news report said he had more of a certain cryptocurrency than he wanted the public to know – based on information that his own representatives provided on the record. There is no colorable argument that a prior restraint could be supported here.
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