Secured settlement of claims and counterclaims in crypto exchange client’s dispute with an investor and liquidity provider
In 2023, Shipyard Software required additional liquidity from its limited partners, as specified in the parties’ contracts. One of those limited partners, a prominent venture capital company, refused to provide the liquidity, and in response, Shipyard refused to acknowledge that the limited partner could earn future crypto assets. The parties sued in Delaware Chancery Court, with Shipyard seeking a declaration that it owed nothing. After an order dismissing some of the adversary’s claims, Dynamis negotiated a favorable settlement resolving all issues for the client without having to engage in expensive and time-consuming discovery.
