A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place.
Egorov’s lawyers at DLA Piper provided a comment via email: “We’re extremely happy for Michael that the Court understood the parties specifically agreed to resolve all disputes in Switzerland and correctly rejected the attempt to drag him into a California lawsuit. We fully expect Michael to prevail in Swiss courts, which have already expressed skepticism about Plaintiffs’ claims.”
Latham & Watkins, the law firm representing the three VC firms, told CoinDesk via email that they disagree with the court’s decision that their clients’ U.S. claims should be brought in Switzerland. “More importantly, we note the Court did not dismiss the claims on the merits – it merely made a procedural determination that the claims ought to be brought in Swiss court,” Latham & Watkins said via email. “Our clients’ Swiss lawsuit was only recently initiated and Mr. Egorov has already been ordered to testify in that matter. We remain confident we will hold him accountable and that our clients will be rightfully given what they were promised – a stake in the Curve platform.
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