PANews reported on September 11th, according to Bloomberg Law , that shareholders of Strategy Inc. have voluntarily withdrawn a derivative lawsuit against the company's current and former directors and executives, alleging that management allowed a company calling itself "Bitcoin Vault" to understate the impact of a change in cryptocurrency accounting standards. Judge Anthony J. Trenga of the Eastern District of the United States has signed a joint dismissal agreement between the parties, allowing the lawsuit to be refiled at a later date. Previously, similar charges against Strategy Inc. and its executive chairman and other executives were also dismissed.PANews reported on September 11th, according to Bloomberg Law , that shareholders of Strategy Inc. have voluntarily withdrawn a derivative lawsuit against the company's current and former directors and executives, alleging that management allowed a company calling itself "Bitcoin Vault" to understate the impact of a change in cryptocurrency accounting standards. Judge Anthony J. Trenga of the Eastern District of the United States has signed a joint dismissal agreement between the parties, allowing the lawsuit to be refiled at a later date. Previously, similar charges against Strategy Inc. and its executive chairman and other executives were also dismissed.
Strategy shareholders withdraw crypto accounting lawsuit against board
PANews reported on September 11th, according to Bloomberg Law , that shareholders of Strategy Inc. have voluntarily withdrawn a derivative lawsuit against the company's current and former directors and executives, alleging that management allowed a company calling itself "Bitcoin Vault" to understate the impact of a change in cryptocurrency accounting standards. Judge Anthony J. Trenga of the Eastern District of the United States has signed a joint dismissal agreement between the parties, allowing the lawsuit to be refiled at a later date. Previously, similar charges against Strategy Inc. and its executive chairman and other executives were also dismissed.
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