Cryptocurrency custodian BitGo will have the opportunity to re-sue financial services company Galaxy Digital, the latest development after the two companies failed to reach a $1.2 billion merger agreement. The Delaware Supreme Court overturned an earlier ruling dismissing BitGo's lawsuit. BitGo sued Galaxy in August 2022, seeking $100 million in damages and claiming that Galaxy "willfully" breached its May 2021 merger agreement because it could not afford the $1.2 billion price tag after experiencing huge financial losses during the cryptocurrency bear market. Galaxy blamed the breakup on BitGo's failure to provide certain audited financial statements in a timely manner and said BitGo's claims were "without basis." Last June, Associate Judge J. Travis Laster of the Delaware Court of Chancery ruled that Galaxy had "valid grounds" to withdraw from the agreement because BitGo provided the company with "non-compliant" financial documents. After BitGo appealed, the state's Supreme Court found that the definition of "financial statements" in the merger agreement was ambiguous and that both parties "proposed acceptable interpretations of the documents" and overturned the ruling. Galaxy Digital did not respond to CoinDesk's request for comment by press time.