Derivative plaintiffs allege reputational harm and seek indemnification from Okamoto, Theil and Salzman
Company: Marathon Digital
The claim, verbatim
Derivative plaintiffs allege that the defendants' conduct harmed Marathon by causing it to be sued in the securities action, a loss of reputation and goodwill, and a 'liar's discount'. They seek as damages the amounts Marathon has spent and will spend on the securities action, plus indemnification from individual defendants Okamoto, Theil and Salzman.
Source (primary)
Bernard v. Theil — Entry #42: REPLY to Response to 36 Motion, 35 Motion for Appointment of Counsel, 34 Motion to Consolidate Cases by Plaintiffs Kimberly Bernard, Roy Strassman, Nominal… (RECAP, court_filing)
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Quote: “Plaintiffs here allege that Defendants’ purported conducted has harmed Marathon insofar as it has resulted in the company being sued in the Securities Action and, resultantly, has caused it to experience a loss of reputation and good will and suffer a so- called “liar’s discount.” And Plaintiffs seek as damages any amounts Marathon has and will expend in the Securities Action as well as indemnification from the Individual Defendants Okamoto, Theil and Salzman.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Bernard v. Theil — Entry #42: REPLY to Response to 36 Motion, 35 Motion for Appointment of Counsel, 34 Motion to Consolidate Cases by Plaintiffs Kimberly Bernard, Roy Strassman, Nominal…
Quote: “Plaintiffs here allege that Defendants’ purported conducted has harmed Marathon insofar as it has resulted in the company being sued in the Securities Action and, resultantly, has caused it to experience a loss of reputation and good will and suffer a so- called “liar’s discount.” And Plaintiffs seek as damages any amounts Marathon has and will expend in the Securities Action as well as indemnification from the Individual Defendants Okamoto, Theil and Salzman.”