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January 25, 2018 12:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/K8ScXMDOco8/kim-dotcom-sues-new-zealand-for-68-billion-in-damages-over-erroneous-arrest
Kim Dotcom Sues New Zealand For $6.8 Billion In Damages Over Erroneous Arrest
An anonymous reader quotes a report from the BBC: Kim Dotcom, the founder of file-sharing site Megaupload, is suing the New Zealand government for billions of dollars in damages over his arrest in 2012. The internet entrepreneur is fighting extradition to the U.S. to stand trial for copyright infringement and fraud. Mr Dotcom says an invalid arrest warrant negated all charges against him. He is seeking damages for destruction to his business and loss of reputation. Accountants calculate that the Megaupload group of companies would be worth $10 billion today, had it not been shut down during the raid. As he was a 68% shareholder in the business, Mr Dotcom has asked for damages going up to $6.8 billion. He is also considering taking similar action against the Hong Kong government. As stated in documents filed with the High Court, Mr Dotcom is also seeking damages for: all lost business opportunities since 2012, his legal costs, loss of investments he made to the mansion he was renting, his lost opportunity to purchase the mansion, and loss of reputation.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/K8ScXMDOco8/kim-dotcom-sues-new-zealand-for-68-billion-in-damages-over-erroneous-arrest
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