Celsius investors: Celsius holds assets in a different legal entity than the one that manages clients' money and clients are not entitled to claim

2022/10/21 09:29

According to court documents, investors, including venture capital firm WestCap Management LLC and pension fund Caisse de Depot et Placement du Quebec (CDPQ), said that their stakes in Celsius entitled them to the company's dredging business and other valuable assets because they The legal entity that invests is different from the legal entity that manages the client's funds, so the client does not have a claim to that part of the assets. The lawyers representing the creditors stated that Celsius' client terms entitled the clients to claim against all of its legal entities.

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