News Explorer — Marathon Digital CEO and Execs Face Shareholder Lawsuit

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Jul 18, 9:35 am

Cointelegraph

Marathon Digital CEO and Execs Face Shareholder Lawsuit

Marathon Digital CEO Fred Thiel and company executives are facing a lawsuit from the crypto mining firm's shareholders. The lawsuit alleges that the CEO and executives breached fiduciary duties, enriched themselves, and wasted corporate assets. The lawsuit, filed in the United States District Court for the District of Nevada, includes claims of violations of the U.S. Securities Exchange Act and demands potential contribution from the executives for wrongful acts leading to an SEC complaint against the company.

Marathon Digital CEO Fred Thiel and company executives are facing a lawsuit from the crypto mining firm's shareholders. The lawsuit alleges that the CEO and executives breached fiduciary duties, enriched themselves, and wasted corporate assets. The lawsuit, filed in the United States District Court for the District of Nevada, includes claims of violations of the U.S. Securities Exchange Act and demands potential contribution from the executives for wrongful acts leading to an SEC complaint against the company.

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