United States-based cryptocurrency mining firm Marathon Digital is suing after its shareholders mentioned its CEO Fred Thiel, together with different high executives, breached fiduciary duties, unjustly enriched himself and squandered the corporate’s belongings.
A shareholder criticism was filed in opposition to Fred Thiel and 9 different Marathon executives filed July 8 in the US District Court docket for the District of Nevada. Lawsuits have been filed in opposition to the corporate’s managers in accordance with 5 lawsuits. These embrace violations of the US Securities Trade Act, breach of fiduciary responsibility, unjust enrichment and waste of company belongings.
Proceed studying Coin Telegraph.
