TROOPS Inc. (Nasdaq: TROO) is currently embroiled in legal proceedings following a High Court judgment in Hong Kong. The company, along with its subsidiaries, was initially served with an injunction preventing asset disposal due to allegations of unlawful means of conspiracy and other claims. While some of these injunctions have been discharged, new conditions have been imposed, restricting specific asset dealings. TROOPS Inc. plans to appeal the judgment and is considering a class-action lawsuit against FTI Consulting in the U.S. for alleged malicious prosecution and investor harm. The company maintains that the lawsuit lacks merit and is committed to vigorously defending its position. The outcome of these proceedings may impact TROOPS Inc.'s consolidated performance, and the management expresses disappointment with the court's ruling.
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