News & Insights Client News News & Insights Client News Celsius Network Litigation Administrator Reaches Mass Settlement Framework with Largest Defense Groups and Expands Offer to Certain Remaining Preference Defendants Apr 30, 2025 NEW YORK–(BUSINESS WIRE)–The Litigation Administrator of Celsius Network, LLC (the “Litigation Administrator”), today announced the implementation of a structured, transparent, and innovative settlement framework designed to resolve preference claims against certain remaining defendants. The comprehensive process to determine the global settlement framework included successful mediation with four large defendant groups across the U.S., Europe, and Asia, representing more than 750 preference defendants. The settlement framework reflects a holistic solution, shaped by extensive legal review and negotiation, facilitated by a former U.S. bankruptcy judge, other prominent international mediators, and multiple counsel representing preference defendants. The settlement framework addresses issues of enforcement, price appreciation, the safe harbor defense, and the ordinary course of business defense. Defendants who choose to settle now for a small percentage of their potential preference exposure will mitigate preference exposure tied to the value of crypto assets and avoid the uncertainty, time, and cost of multi-year litigation. The Litigation Administrator has already settled with thousands of Celsius account holders who have preference exposure. Defendants will receive individualized notices from the Celsius Litigation Administrator and can access their settlement agreements through Stretto’s secure portal. Stakeholders with questions can refer to cases.stretto.com/CelsiusLOC for more information, which will be updated on an ongoing basis as needed. For any questions that do not require legal advice, please contact the Litigation Administrator via email at celsiuslitigationadmin@m3-partners.com or visit the FAQ page here. Of note, this settlement framework is not being offered to all preference defendants and the determination of whether this framework is extended to any defendant is solely in the discretion of the Litigation Administrator based on the facts and circumstances of each individual case. Advisors White & Case LLP is serving as legal counsel, M3 Partners is serving as financial advisor, and C Street Advisory Group is serving as strategy and communications advisor to the Litigation Administrator. Contacts Media Inquiries celsius@thecstreet.com Share this article Featured Insights The Comeback Playbook: How Strategic Communications and Branding Drive Corporate Turnarounds Related Articles Feb 5, 2025 ZIPS Car Wash Takes Strategic Action to Strengthen Financial Foundation and Advance Operational Transformation ZIPS Car Wash remains open and operational, providing high-quality service at the best value for... Read the Article Sep 8, 2024 Hoonigan Announces Strategic Transaction to Strengthen Financial Foundation and Support Long-Term Growth Enters into Restructuring Support Agreement to Eliminate Approximately $1.2 Billion of Debt Files Voluntary Prepackaged... Read the Article Oct 2, 2025 First Brands Group Receives Court Approval to Immediately Access $500 Million of $1.1 Billion in Debtor-in-Possession Financing Obtains interim court approval of First Day motions to support continued business operations International operations... Read the Article Aug 11, 2025 Brook + Whittle Secures $130 Million of New Financing Transaction extends maturities and provides new capital to invest in operational excellence and growth strategy... Read the Article Jun 18, 2025 Nine Dean Appoints Andrew Kassoy, Impact Pioneer, as Chairman Emeritus Recognition reflects Kassoy’s invaluable contributions to Nine Dean and the movement for stakeholder capitalism NEW... Read the Article Aug 8, 2024 C Street Guides SunPower’s Chapter 11 August 8, 2024 / O’Dwyer’s PR – C Street Advisory Group is providing strategic communications... Read the Article
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