Justin Sun Seeks Sanctions of About $264,000 Against World Liberty and Its Attorneys

According to Shenchao TechFlow, on November 4, filings in the U.S. District Court for the Northern District of California showed that Justin Sun and two co-plaintiffs filed a motion for sanctions against World Liberty Financial and its attorneys, seeking approximately $264,000 in attorneys' fees and costs. The plaintiffs alleged that World Liberty made misrepresentations about its citizenship during the litigation.

The plaintiffs said that World Liberty initially disclosed only its Florida citizenship, and nearly three months later supplemented the disclosure to state that its ownership chain contained 22 members whose citizenship included the United Arab Emirates and other jurisdictions. World Liberty's attorneys subsequently argued that the federal court lacked jurisdiction because both sides of the litigation included foreign parties.

The amount sought covers the plaintiffs' attorneys' fees and costs in opposing compelled arbitration. In the filing, the plaintiffs said they would have to refile suit in California state court; a hearing on the sanctions motion is scheduled for December 10.

Source: Shenchao TechFlow