Butterfly Labs Motion To Dismiss Denied, FTC Suit Survives

The Kansas City Business Journal reports that the Federal Judge overseeing the case, Brian Wimes, has refused Butterfly Labs motion to dismiss the ongoing suit by the Federal Trade Commission. Earlier this month the Judge had allowed Butterfly Labs to fully reopen under court supervision, and in November the court ordered the company to transfer its Bitcoin to a court appointed receiver. after earlier being allowed a limited reopening under receivership. The current Federal Trade Commission lawsuit against Butterfly Labs has been ongoing since September 2014. John Humphrey, the Attorney for Butterfly Labs originally filed the motion to dismiss on their behalf back in October.

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