Fir Tree Partners, Saba Capital and other institutions intend to join Alameda's lawsuit against Grayscale

Odaily Planet Daily News Alameda Research, UTXO Management, and Balch & Bingham LLP launched GrayscaleLitigation.com, so that relevant parties can join Alameda's plaintiff camp against Grayscale lawsuits. Alameda filed the lawsuit in March, seeking lower management fees and allowing redemptions. According to Grayscale, the effort cannot proceed unless existing shareholders holding at least 10% of the trust's shares band together as co-plaintiffs in the lawsuit. It is reported that in addition to UTXO Management, Fir Tree Partners, Saba Capital, Owl Creek Asset Management, and Aristides Capital have all expressed interest in joining Alameda’s lawsuit as co-plaintiffs. (PR Newswire) Prior to the news on August 11, Alameda Research stated that it was calling more plaintiffs to join the company’s lawsuit against Grayscale Investments (Grayscale Investments), and more than 45 parties, including individuals, funds and family offices, have expressed their willingness to serve as additional plaintiffs participate. The motion adds that Alameda needs more time "to continue to call plaintiffs to participate with it." The court gave plaintiffs until Sept. 15 to respond to Grayscale's motion to dismiss.