- **Alameda Research Lawsuit against Grayscale:**
Alameda Research is expanding its #lawsuit against Grayscale Investments, seeking additional plaintiffs to join the case. Over 45 parties, consisting of individuals, funds, and family offices, are willing to participate as plaintiffs.
- **Lawsuit Background:**
The initial lawsuit was filed by #Alameda Research in March 2023 against Grayscale Investments, Digital Currency Group (DCG), and DCG CEO Barry Silbert. Alameda alleged that Grayscale's fee structure and redemption ban on its Bitcoin and Ethereum trusts resulted in a 90% reduction in the value of Alameda's shares.
- **Participation Interest:**
Alameda Research submitted a motion to the Delaware Court of Chancery, revealing the interest of more than 45 parties to join the lawsuit as additional plaintiffs. This suggests a growing #support base for the #legal action.
- **Implications:**
The increased number of potential plaintiffs strengthens the case against #Grayscale Investments and DCG, indicating a potentially broader legal challenge to the alleged practices affecting the value of Alameda Research's shares.