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 Apr 30, 2025 Celsius Network Litigation Administrator Reaches Mass Settlement Framework with Largest Defense Groups and Expands Offer to Certain Remaining Preference Defendants NEW YORK–(BUSINESS WIRE)–The Litigation Administrator of Celsius Network, LLC (the “Litigation Administrator”), today announced the... Read the Article Aug 5, 2026 STG Logistics Successfully Completes Financial Restructuring, Emerging from Chapter 11 as a Stronger, Well-Capitalized Company TG Logistics, Inc. and certain of its affiliates (“STG” or the “Company”), one of the... Read the Article Aug 25, 2025 Ayrmid Ltd. Announces FDA Acceptance and Priority Review for Omidubicel for the Treatment of Severe Aplastic Anemia (SAA) FDA assigns Prescription Drug User Fee Act (PDUFA) target date of December 10, 2025 LONDON–(BUSINESS... Read the Article Nov 26, 2024 Hearthside Drives Forward in its Financial Restructuring Following Successful First Day Hearing Receives Court Approval on “First Day” Motions, Enabling Company to Continue Operating Business-as-Usual Throughout its... Read the Article Aug 19, 2026 National CineMedia, Inc. to Acquire Captivate for $275 Million, Creating the Leading Premium Video and Digital Out-of-Home Advertising Platform National CineMedia, Inc. (NASDAQ: NCMI) (“NCM”), the largest cinema advertising platform in the U.S., today... Read the Article Jan 13, 2026 STG Logistics Announces Strategic Transaction to Strengthen Financial Foundation and Market Position Enters into Restructuring Support Agreement to Eliminate Approximately 91% of Debt and Infuse Up to... Read the Article
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