Play Network wins multiple legal cases in token dispute with Ready Makers Inc.

The Gibraltar Court of Appeal has upheld a ruling that Play Network did nothing wrong in its handling of $PLAY tokens, and that Ready Makers Inc’s claims to ownership of the firm had no basis.
Ready Makers had sued to stop the issuance of tokens and related assets by Ready Gibraltar, a sister firm of Ready Makers, but the Supreme Court of Gibraltar called the claim “oppressive” and with “no real prospect of success” in April.
It also criticised the claimants for misleading the court, and ordered them to pay $550, 000 in l e g a l cos t s, a s w e ll a s a f u r t h er imm e d ia t e p a y m e n t o f$ 300,000.
The judge said the original February freeze order was a “miscarriage of justice” that had damaged the firm, and that the claimants had withheld documents that showed Ready US, the US counterpart to Ready Gibraltar, had been dissolved in 2024.
The judgement also suggested the injunctions were intended to kill the company “golden goose”.
The Supreme Court will next week hear a case to determine whether the claimants should pay $2.8 mi ll i o nin sec u r i t y f orcos t s, an d a tl e a s t$ 30 million in damages.

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