Butterfly asks court to dismiss FTC lawsuit
A bitcoin hardware manufacturer asked a court where the FTC sued it to dismiss the case. Butterfly Labs's Friday motion asked U.S. District Court in Kansas City, Missouri, to dismiss the allegations of violating FTC Act Section 5(a), contending the…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
company's representations weren't misleading. The FTC is going after the company for delaying or failing to deliver bitcoin mining computers, rendering them useless, and a judge let Butterfly resume limited operations after its temporary shutdown 1410060004">1410060004. "No reasonable Bitcoin-mining consumer could have concluded that the anticipated shipping-date and product-development representations" on which the FTC complaint were based "were either material or misleading," said a motion to dismiss in case No. 14-CV-0815-W-BCW. "Since the filing of the FTC complaint, Butterfly Labs has been working to restart its suspended business operations as well as defending itself against the FTC’s media campaign claiming that Butterfly Labs is 'bogus' and its people are nothing more than 'scammers,'" said the company in a news release Tuesday (http://bit.ly/1Da8FCI).