Marathon shareholders file lawsuit against company’s top management By Cointelegraph
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United States-based crypto mining company Marathon Digital is heading to court after its shareholders alleged that its CEO Fred Thiel, alongside other top executives, breached fiduciary duties, unjustly enriched themselves and wasted corporate assets.
A shareholder complaint against Fred Thiel and nine other Marathon executives was filed in the United States District Court for the District of Nevada on July 8. The company executives are being sued on the basis of five claims. Among them are violations of the U.S. Securities Exchange Act, a breach of fiduciary duties, unjust enrichment and wasting corporate assets.
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United States-based crypto mining company Marathon Digital is heading to court after its shareholders alleged that its CEO Fred Thiel, alongside other top executives, breached fiduciary duties, unjustly enriched themselves and wasted corporate assets.
A shareholder complaint against Fred Thiel and nine other Marathon executives was filed in the United States District Court for the District of Nevada on July 8. The company executives are being sued on the basis of five claims. Among them are violations of the U.S. Securities Exchange Act, a breach of fiduciary duties, unjust enrichment and wasting corporate assets.
Continue Reading on Coin Telegraph
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