Celsius Stockholders Lose Bid for Official Bankruptcy Committee

US Bankruptcy Judge Martin Glenn dealt a blow to Celsius Network’s stockholders on Monday, ruling against their motion to form an official committee of equity holders as they seek to stake a claim to the crypto lender’s most valuable assets.

The ruling means holders of Celsius’s preferred equity will have to pay for their own lawyers and advisers during the bankruptcy. Venture capital firm WestCap Management LLC and pension fund Caisse de Depot et Placement du Quebec (CDPQ) are among the company’s stockholders.

Previously: Celsius Customers to Battle Investors for Money From Mining Rigs

Some Celsius stockholders are arguing ...