The parties have a right to reopen the dispute within 30 days.
Everyone pays for its own legal costs.
Cameron and Tyler Winklevoss have settled their dispute with Charlie Shrem, an early bitcoin enterpreneur and Winklevoss’s partner.
Accroding to the ruling of Judge Jed Rakoff of the U.S. District Court for the Southern District of New York, the parties reached a settlement and informed the court thereof on April 5. While the case is closed, both parties have a right to reopen it within 30 days, that is by May 5.
The terms of the settlement are not disclosed. Though, according a separate filing, Winklevoss Capital Fund (WCF) and Shrem will bear their respective expenses on attorneys’ fees and other legal costs.
According to a separate filing by the attorney for the twins’ Winklevoss Capital Fund (WCF), the plaintiff in the case, “WCF and Shrem will each bear their own attorneys’ fees and costs. The case will not be reopened.”
“From day one, I’ve maintained the allegations are bogus, and they are of course. After their attorney was sanctioned and they were ordered to pay my legal fees twice, we recently reached a confidential resolution, and I’m dismissed from the case. I’m thankful for Brian Klein and my legal team and pleased to have this behind me,” Charlie Shrem commented to CoinDesk
Meanwhile, earlier this year the same judge ruled that Shrem should be reimbursed for legal fees related to prior court.