According to their filling, growth equity company WestCap and Quebec pension fund Caisse de dépôt et placement du Québec (CDPQ) urgently require their own fiduciary.
According to the petition, the requirement for a fiduciary is especially crucial given that there are only two categories of genuine economic stakeholders: retail consumers and equity investors.
The two firms are afraid that if such safeguards are not implemented, the court action would be unfairly and inequitably slanted in favor of customers at the expense of equity holders.
Objections to the move will be received until next week, and a hearing to address the filing is planned for Oct. 6 at 10 a.m. EDT. Celsius announced on Twitter that the claims procedure and court appearance are expected to commence on the same day.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…
Miami, Florida, 13th November 2024, Chainwire
Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…
If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…
BlackRock BUIDL funds have been expanded to Arbitrum, Aptos, Avalanche, Optimism, and Polygon.
Tokyo-based Metaplanet Bitcoin holdings grew by $28 million, doubling to 1,018.17 BTC since late September.
This website uses cookies.