Free Speech

Eugene Volokh | 9.23.2025 8:01 AM

From Judge Colm Connolly's opinion yesterday in Sun v. Bloomberg, L.P. (D. Del.):

On August 11, 2025, after months of working to verify Sun's assets, Bloomberg published Sun's profile in its Billionaires Index, "a ranked list of the world's richest people." Two sentences of the profile are at issue here:

Sun owns more than 60 billion Tronix (also referred to as TRON or TRX), the cryptocurrency native to Tron, according to an analysis of financial information provided by representatives of Sun in February 2025…. Sun also owns about 17,000 Bitcoin, 224,000 Ether, and 700 million Tether, according to the same analysis.

According to Sun, (1) Bloomberg's publication of "the alleged specific amounts of cryptocurrencies" he owns constitutes a public disclosure of private facts, and (2) Bloomberg is estopped from publishing "financial information regarding the value of specific assets and details related to [his] ownership of those assets" because it promised him that it would not publicize "the amounts of specific cryptocurrency" he owns and that it "would take measures to protect [his] Confidential Financial Information from disclosure."

Within hours of Bloomberg's publication of the profile, Sun filed in this Court his initial Complaint........

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