- New York judge Joel M. Cohen suggests attorneys from NYAG’s office, Tether, and Bitfinex meet and decide the scope of the injunction.
- Once the scope is narrowed, Tether and Bitfinex will then present the documents requested.
Following the filing of a case by the New York City Attorney General’s office a week ago, a Supreme Court judge, Joel M. Cohen has said that he wants the case scope narrowed. The case was filed due to the exchange’s $850 million cover-up to pay customer withdrawals by using a loan from Tether (USDT). The judge needs the office to clear a few things before the affected companies can deliver the documents requested by the AG’s office.
In a hearing held on Monday 6, Cohen had issues with the “substantive and temporal” scope of the preliminary injunction obtained by the New York AG’s office towards the end of April. The judge said:
“The preliminary injunction that we have right now is vague, open-ended and not sufficiently tailored to precisely what the AG has shown will cause imminent harm. I think it’s both amorphous and endless.”
The Attorneys at the New York AG’s office, Bitfinex as well as Tether to decide the scope of the injunction. Cohen added:
“What I would suggest you both do is meet and talk about it, you seem like a reasonable group, in let’s say a week either with a single or proposed revision that accomplishes what we’re trying to accomplish here, and if you can’t, with individual proposals.”
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