Molly White of Citation Needed writes about crypto billionaire Justin Sun’s lawsuit against Bloomberg News.
White writes, “Sun claims that Bloomberg had agreed to keep confidential the information he shared with them, and that their draft article and alleged sharing of his wealth valuation with other Bloomberg colleagues for use in a separate article showed they had brazenly violated the agreement. He also alleged that their reporting contained significant factual errors to do with his ‘personal history and his wealth’. Sun sent a cease and desist to Bloomberg around August 2, and was informed they still intended to publish. He then filed the lawsuit on August 11, charging Bloomberg with public disclosure of private facts and violation of confidentiality promises.
“Although Sun’s lawsuit initially sought a temporary restraining order and a permanent injunction to prevent Bloomberg from publishing his Billionaires Index entry and an ‘unrelated’ article based on his disclosures, a short filing by Bloomberg noted that they had published his Billionaires Index profile on August 11, two hours prior to receiving notice from Sun’s lawyers that Sun had filed for a temporary restraining order.12 It’s not clear that the second article written by other Bloomberg journalists has been published.a Sun later withdrew the motion for the TRO and injunction, though without prejudice for refiling.13″
Read more here.
