Court ruled Longfin blockchain shares paid investors $ 223 million

The southern New York court on Wednesday ruled that Longfin Corp. to pay investors $ 223 million in breach of contract for the company's 2017 free public enterprise (IPO) dispute, reports The Block. An injustice occurs when the defendant does not appear or respond to court. However, if there is a valid reason for not respecting the deadline, an appeal can be made. The deadline for appeals is July 24 and has passed without objection from the defendants.