Alameda amends complaint against Grayscale as co-plaintiff search continues
Blockworks
18 Sep 2023 8:15 PM
Though Alameda Research had sought to add plaintiffs to its legal fight against Grayscale, it was the only one listed in a Friday complaint....
- Alameda Research, a debtor affiliate of FTX, has amended its claims against Grayscale Investments in a legal fight.
- Alameda remains the only plaintiff listed in the amended complaint, as it was unable to assemble co-plaintiffs.
- However, Alameda plans to continue engaging with shareholders to recruit more support and may amend the complaint again.
- The original complaint aimed to get damages and injunctions requiring Grayscale to reduce its annual fee and offer redemptions.
- Alameda dropped fee-related claims and now focuses solely on the request for redemptions.
- Several shareholders expressed willingness to participate in the suit, but not enough came forward to meet the 10% threshold set by Grayscale.
The sentiment of the article is neutral, as it presents the facts without expressing a positive or negative opinion.
You May Ask
Who is the plaintiff in the legal fight against Grayscale Investments?What were the original claims made by Alameda Research?Why did Alameda drop the fee-related claims?What is the 10% threshold set by Grayscale and why is it significant?Will Alameda Research recruit more co-plaintiffs in the future?