• Peter McCormack’s current case against Craig Wright concluded that Wright must pay the court fees of McCormack on an indemnity basis and that Wright must attend a directions hearing to begin contempt proceedings due to breach of an embargo.
• McCormack is being directed to pay approximately £900,000 in legal costs, subject to evaluation by a cost judge.
• Wright had previously lost his defamation trial against pseudonymous Bitcoiner Hodlonaut in October 2022, with the court ruling in favor of Hodlonaut after pointing out that Wright had submitted false evidence.
In a Royal Courts of Justice case, a judgment has been made in the ongoing dispute between Craig Wright and Peter McCormack. The court has found that Wright must pay the court fees of McCormack on an indemnity basis, amongst other findings. Additionally, Justice Chamberlain has issued a summons requiring Wright to attend a directions hearing to begin contempt proceedings due to breach of an embargo.
The embargo in question was placed on a draft judgment, which Wright shared details of prior to the set date in the MetaNet Slack (MetaNet is a BSV education company). The judgment reads that “The Court of Appeal has signaled that breaches are likely to result in contempt proceedings.” As a result, Wright has been ordered to attend a directions hearing before a judge nominated by the Judge in Charge of the Media and Communications List.
Furthermore, McCormack is being directed to pay approximately £900,000 in legal costs. This amount will be subject to evaluation by a cost judge. McCormack has expressed his distress on Twitter, saying that “The stress of the last four years can’t be understated, it has had a significant impact upon me and my family.”
The current case between Wright and McCormack follows a previous court trial in the U.K. in which McCormack was sued for calling Wright a “liar” and “fraud” in 2019, which Wright argued caused monetary damages after he had speaking roles canceled. The court did, in that case, rule in Wright’s favor, but only after pointing out that he submitted false evidence, which in turn led to an awarding of only 1 British pound in nominal damages.
Later in October of 2022, Wright had lost another defamation trial against pseudonymous Bitcoiner Hodlonaut. The lawsuit involved whether or not the term “Faketoshi” was defamatory, with the court ruling in favor of Hodlonaut after pointing out that Wright had submitted false evidence.
As of now, Wright still faces a contempt of court hearing and is being required to pay McCormack’s court fees. While the outcome of the trial is not particularly good for Wright, the legal proceedings have caused significant stress for both parties.