Court Documents: US Government Presents 'Substantial Evidence on the Merits' in Staying Voyager Sale to Binance.US

According to court documents of the U.S. District Court for the Southern District of New York, the U.S. government has shown "substantial case on the merits" (a substantial case on the merits) in suspending Voyager's proposal to sell its assets to Binance.US. will cause irreparable damage. The conclusion of the document shows that Judge Jennifer Rearden of the U.S. District Court for the Southern District of New York decided to expedite the briefing and ruling of the appeal and set a deadline for the sale of Voyager to Binance. Briefing, Voyager Committee of Debtors and Creditors due April 14th and government due April 18th to respond to Voyager. Foresight News notes that "on the merits" means that the decision of a case depends on the law applicable to the particular evidence and facts presented in the case, as opposed to a case where a decision is made on procedural grounds. Generally, a decision "on the merits" is considered final. Foresight News previously reported that on March 28, U.S. District Judge Jennifer Rearden of the Southern District of New York approved the U.S. Department of Justice’s proposed stay of Voyager’s plan to sell its assets to Binance. appeal. An opinion explaining the reasons for the ruling will be issued soon, pending an appeal of the sale that was previously approved by a bankruptcy judge.