Don Park

On Tuesday, a bankruptcy court judge from the Northern District of Texas ruled that Mt. Gox CEO Mark Karpeles must show up for a deposition in Dallas on April 17 if he wants to move ahead with Chapter 15 bankruptcy proceedings in the US.
Karpeles filed for bankruptcy in Tokyo in late February after Mt. Gox, which was once the world’s largest Bitcoin exchange, reportedly lost about 750,000 customer bitcoins and 100,000 of the company’s own reserves. On March 9, Karpeles filed in the Dallas court to have Mt. Gox’s bankruptcy recognized in the United States.
Yesterday, Judge Stacey Jernigan reportedly bristled at Karpeles’ attorneys’ attempt to excuse the CEO from appearing in the US, suggesting that Karpeles’ reluctance to appear was in order to avoid being served additional legal papers upon arrival in the US. In mid-March in Illinois, Mt. Gox depositors Gregory Greene and Joseph Lack launched a class-action suit against Mt. Gox, Karpeles, and a host of related companies and Mt. Gox executives. “If he avails himself of this court, my God, he is going to get himself over here,” Jernigan said to the court yesterday, according to Reuters.
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