“A well-known bitcoin company has been ordered by a judge to produce and deliver the virtual currency to a New York investment firm that accused it of reneging on their contractual agreement.  Judge Robert W. Sweet of U.S. district court for the southern district of New York barred CoinLab Inc. from delivering the virtual currency to any other parties before it meets its obligation to Bitvestment LLC. The dispute underscores the frenzy surrounding bitcoin, a virtual currency that isn’t backed by a central bank.  It is produced electronically using computers, and enthusiasts trade it on exchanges and privately. Some merchants are now accepting bitcoin as a method of payment.”

http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

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