O'Leary Awarded $2.8M in Defamation Case Against Ben Armstrong
Kevin O'Leary has secured a $2.8 million default judgment against Ben Armstrong following Armstrong's failure to contest defamation allegations in a Miami federal court.
A Miami federal court has issued a default judgment in favor of Kevin O'Leary, awarding him $2.8 million in a defamation lawsuit against Ben Armstrong. The judgment was entered after Armstrong failed to respond to the legal complaint filed by O'Leary, which accused him of defamation.
The legal action stemmed from allegations of defamatory statements made by Armstrong against O'Leary. By not filing a response or defense within the court's specified timeframe, Armstrong conceded to the claims presented in O'Leary's complaint, leading to the default judgment.
This ruling signifies a definitive legal outcome for O'Leary, who sought damages and vindication in the defamation case. The substantial monetary award underscores the severity with which the court viewed the unsubstantiated claims made against O'Leary.
The outcome of this legal battle highlights the potential financial and reputational risks associated with public accusations within the decentralized and digital asset industries. It serves as a stark reminder of the importance of due process and the legal ramifications of failing to address formal accusations in a timely manner.
Originally reported by CoinTelegraph.