The plaintiff who accused Strategy of misleading risk disclosures voluntarily withdrew the lawsuit, and the case was permanently closed
2025-08-29 21:51:59
The plaintiffs, on behalf of Michelle Clarity, Mehmet Cihan Unlusoy and an investor, have voluntarily withdrawn a lawsuit against Strategy, a bitcoin reserve company. The case was dismissed on a "biased" basis, meaning the plaintiffs could not amend and resubmit the lawsuit and the case was permanently closed, according to court documents. This was seen as a victory for the crypto reserve company. Previously, the lawsuit accused Strategy of misleading statements about the earnings and risk disclosures of bitcoin investments.
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