“The ongoing legal battle over the future of Mt. Gox took a sudden turn on 29th April, when it was announced that Sunlot Holdings, the investor group seeking to buy what remains of the business, and lawyers representing the company’s global consumer creditors had struck a settlement deal.  Under that proposal, former exchange users would support Sunlot’s bid to buy and relaunch Mt. Gox in exchange for a 16.5% equity stake in the new business and settle with key defendants.  Lawyers representing international creditors will be continuing actions against CEO Mark Karpeles, Mt. Gox’s parent company Tibanne, Japan-based megabank Mizudo and other as-yet-unnamed defendants.”

http://www.coindesk.com/us-lawyer-mt-gox-settlement-proposal-could-make-former-users-whole/

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