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 May 28, 2026 MasterBrand and American Woodmark Successfully Complete Merger Transaction Transaction Enhances the Industry’s Most Comprehensive Portfolio of Trusted Cabinet Brands and Products Read the Article Aug 5, 2024 SunPower Announces Stalking Horse Asset Purchase Agreement with Complete Solaria to Sell Blue Raven Solar, New Homes, and its Non-Installing Dealer Network Files voluntary Chapter 11 petitions to effectuate the proposed transaction Intends to operate Blue Raven... Read the Article Aug 26, 2025 Gabe’s Closes Milestone Transaction to Strengthen Balance Sheet and Bolster Position as a Leading Off-Price Retailer Transaction reinforces Company’s financial position through significant debt reduction and new capital investment Existing investor... Read the Article Apr 4, 2025 Sunnova Receives Continued Listing Notice from NYSE HOUSTON–(BUSINESS WIRE)–Sunnova Energy International Inc. (the “Company”) (NYSE: NOVA) today announced that on April 1,... Read the Article Aug 27, 2025 City Brewing Successfully Closes Strategic Transaction to Advance Leadership in the Beverage Manufacturing Industry Transaction Reinforces Company’s Financial Position Through Significant Debt Reduction and New Capital Investment Company to... Read the Article Feb 27, 2025 National CineMedia, Inc. to Release Fourth Quarter and Full Year 2024 Results on March 6, 2025 CENTENNIAL, Colo.–(BUSINESS WIRE)–National CineMedia, Inc. (NASDAQ: NCMI), the managing member of National CineMedia, LLC (“NCM... Read the Article
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