Celsius Official Committee of Unsecured Creditors Appeals Judge Glenn's Decision in Favor of Preferred Shareholders in Client Claims

The Celsius Unsecured Creditors Official Committee (UCC) said it was appealing Judge Glenn's decision to side with preferred stockholders in the client's claim, arguing it was an erroneous decision that should be corrected. Previously, Judge Glenn disagreed with the Committee of Unsecured Creditors and Celsius, agreeing with the "preferred equity" holders that the customer did not have a claim against each debtor entity. The Official Committee of Celsius Unsecured Creditors disagrees with the ruling and is considering its options to ensure customers get the best value from Celsius.