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Sphere 3d | 8-K: Current report

SEC announcement ·  Mar 22 05:27
Summary by Futu AI
Sphere 3D Corp. has initiated legal action against Gryphon Digital Mining, Inc. by filing a lawsuit in the United States District Court for the Southern District of New York on March 19, 2024. The litigation involves claims of conversion and promissory estoppel, with Sphere 3D alleging that Gryphon, in its role as the exclusive provider of management services to Sphere, misappropriated assets worth $1.7 million. The objective of the suit is to reclaim the alleged stolen assets from Gryphon.
Sphere 3D Corp. has initiated legal action against Gryphon Digital Mining, Inc. by filing a lawsuit in the United States District Court for the Southern District of New York on March 19, 2024. The litigation involves claims of conversion and promissory estoppel, with Sphere 3D alleging that Gryphon, in its role as the exclusive provider of management services to Sphere, misappropriated assets worth $1.7 million. The objective of the suit is to reclaim the alleged stolen assets from Gryphon.
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