Chainalysis Wins $80 Million Lawsuit As Manhattan Supreme Court Dismisses Claims, Major Win for C...

CryptoNewsLand · 2024-06-12T10:43:06.000Z

Manhattan Supreme Court dismissed an $80 million lawsuit against Chainalysis. Ratliff’s claims were dismissed due to time-barred and residency issues. Chainalysis argued that oral agreements were unenforceable under New York’s statute of frauds. Justice Joel Cohen of the Manhattan Supreme Court has dismissed a lawsuit that claimed damages amounting to $80 million from Chainalysis. Former Chainalysis employee Blake Ratliff, the plaintiff, alleged that the company had violated an oral agreement by altering the terms of his stock options. The court, however, has ruled in favor of Chainalysis. Manhattan Supreme Court dismisses $80M lawsuit against @chainalysis. Plaintiff Blake Ratliff’s claims on stock options were deemed too late and unsupported by written agreements. #LegalUpdate #BlockchainNews https://t.co/JP0MOEiLzp — Voted.News (@VotedNews) June 12, 2024 Chainalysis contended that Ratliff’s claims of breach of contract were brought too late, having started six years after he left the company. In addition, Ratliff specialized in Bitcoin tracing during his employment that lasted less than a year at Chainalysis. Chainalysis argued that oral agreements are null and void according to the statute of frauds, which requires the written form of certain agreements. Furthermore, the company argued that Ratliff resided in Florida during his employment which has a four-year statute of limitations for oral contracts, rather than Tennessee which has a six-year period. Ratliff, however, defended himself by claiming that he had lived in Tennessee, which extended the statute of limitations. In spite of this, the court upheld Chainalysis’s argument regarding residency. The court also discovered that oral amendments were specifically prohibited in Ratliff’s employment agreement. A further condition in the agreement was that stock options could only be vested after twelve months of continuous employment. Ratliff claimed that he was verbally assured by co-founders of Chainalysis, Michael Gronager and Jonathan Levin, that his stock options would be guaranteed. They allegedly also would make sure he would keep moving up the corporate ladder. He contended that these assurances changed the terms of his stock options by amending the original employment agreement.Judge Cohen’s decision to dismiss the $80 million lawsuit demonstrates the strength of Chainalysis’ position in spite of Ratliff’s arguments. The decision has been met with strong disagreement by Ratliff’s attorney Benjamin Joelson who has indicated intentions to appeal. Read Also Chainalysis Data Records $718M DeFi Hacks This Month Chainalysis Report: BTC Volume in Latin America Grew 40% YoY Terra, Celsius, 3AC Impacted Markets Worse Than FTX Coinbase Claims Victory at Supreme Court, Bolsters Arbitration Increased Risk Sentiment Might Prompt Bitcoin’s Sell Off The post Chainalysis Wins $80 Million Lawsuit as Manhattan Supreme Court Dismisses Claims, Major Win for Crypto appeared first on Crypto News Land.

Mahkamah Agung Manhattan menolak gugatan $80 juta terhadap Chainalysis.
Klaim Ratliff ditolak karena batasan waktu dan masalah tempat tinggal.
Chainalysis berpendapat bahwa perjanjian lisan tidak dapat dilaksanakan berdasarkan undang-undang penipuan New York.
Hakim Joel Cohen dari Mahkamah Agung Manhattan telah menolak gugatan yang menuntut ganti rugi sebesar $80 juta dari Chainalysis. Mantan karyawan Chainalysis Blake Ratliff, penggugat, menuduh perusahaan telah melanggar perjanjian lisan dengan mengubah ketentuan opsi sahamnya. Namun pengadilan telah memenangkan Chainalysis.
Mahkamah Agung Manhattan menolak gugatan $80 juta terhadap @chainalysis. Klaim penggugat Blake Ratliff atas opsi saham dianggap terlambat dan tidak didukung oleh perjanjian tertulis.#PembaruanHukum#BlockchainNewshttps://t.co/JP0MOEiLzp
— Voted.News (@VotedNews) 12 Juni 2024
Chainalysis berpendapat bahwa klaim Ratliff tentang pelanggaran kontrak diajukan terlambat, karena dimulai enam tahun setelah dia meninggalkan perusahaan. Selain itu, Ratliff berspesialisasi dalam pelacakan Bitcoin selama dia bekerja kurang dari setahun di Chainalysis.
Chainalysis berpendapat bahwa perjanjian lisan adalah batal demi hukum menurut undang-undang penipuan, yang mengharuskan perjanjian tertentu berbentuk tertulis. Lebih lanjut, perusahaan berargumen bahwa Ratliff tinggal di Florida selama masa kerjanya yang memiliki undang-undang pembatasan kontrak lisan selama empat tahun, bukan di Tennessee yang memiliki jangka waktu enam tahun.
Ratliff, bagaimanapun, membela diri dengan mengklaim bahwa dia pernah tinggal di Tennessee, yang memperpanjang undang-undang pembatasan. Meskipun demikian, pengadilan menguatkan argumen Chainalysis mengenai tempat tinggal. 
Pengadilan juga menemukan bahwa amandemen lisan secara khusus dilarang dalam perjanjian kerja Ratliff. Ketentuan lebih lanjut dalam perjanjian tersebut adalah bahwa opsi saham hanya dapat diberikan setelah dua belas bulan bekerja terus menerus.
Ratliff mengaku telah diyakinkan secara lisan oleh salah satu pendiri Chainalysis, Michael Gronager dan Jonathan Levin, bahwa opsi sahamnya akan terjamin. Mereka diduga juga akan memastikan dia terus naik jabatan di perusahaan. Dia berpendapat bahwa jaminan ini mengubah ketentuan opsi sahamnya dengan mengubah perjanjian kerja asli. Keputusan Hakim Cohen untuk menolak gugatan $80 juta menunjukkan kekuatan posisi Chainalysis terlepas dari argumen Ratliff. Keputusan tersebut mendapat penolakan keras dari pengacara Ratliff, Benjamin Joelson, yang telah mengindikasikan niat untuk mengajukan banding.
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Pos Chainalysis Memenangkan Gugatan $80 Juta saat Mahkamah Agung Manhattan Menolak Klaim, Kemenangan Besar untuk Crypto muncul pertama kali di Crypto News Land.

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