The ongoing legal dispute between David Geffen and Justin Sun over a $78.4 million Alberto Giacometti sculpture escalated as Geffen countersued. Sun had claimed fraud due to a forged signature by art adviser Sydney Xiong, who sold the sculpture to Geffen after purportedly taking advantage of Sun's inexperience. In response, Geffen's countersuit describes Sun's claims as fraudulent and highlights Sun's motivations amid financial turmoil in the crypto market. Both parties expressed strong criticism of each other's positions, indicating a contentious legal battle ahead.
This lawsuit is a sham.
Seller's remorse is not a basis to sue.
It is highly unwise for Mr Geffen to have staked his case.
More very compelling details will come out through the fullness of this litigation.
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