Crytpo Even Sullies Lawyers: Federal District Court Trashes O’Melveny & Myers LLP’s Candor, Professionalism and Quality in Losing Cryptocurrency Miner’s Self Dealing Appeal

On Friday, August 26, 2022 – as first reported by BlockTribune*, the United States District Court for the Northern District of California denied a motion to dismiss the lawsuit filed by Gor Gevorkyan against Chinese crypto mining hardware manufacturer Bitmain.

The real story here at ALABnews is how the Court treated respected law firm O’Melveny & Myers.

Judge Donato only saved the vaunted firm from the indignity of professional conduct sanction after excoriating their competence, writing:

“The many instances of this will be called out in the ensuing discussion, but the Court notes at the start that it has serious concerns about O’Melveny & Myers’ repeated citations to overruled cases and legal tests that were expressly disapproved well before it filed its brief. These practices are not consonant with O’Melveny & Myers’ duty of candor, and they unduly burdened the Court and opposing counsel with frivolous arguments. Bitmain and its attorneys are advised that future conduct along these lines will be sanctioned, including but not limited to monetary sanctions, defense or evidence preclusion, and professional conduct sanctions. There is no room in our busy and resource-constrained federal courts for parties and lawyers who do not play by the rules and fight fairly on the merits.”

Needless to say, Bitmain did not fare well. Read the original story and a copy of the filing at BlockTribune.

Source: BlockTribune