Konigsberg v. Thiel — Entry #18: STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED ACTIONS by Defendants Georges Antoun, Kevin A
Case: Konigsberg v. Thiel nvd · 2:23-cv-01075
filed July 12, 2023
What this document is
Docket entry #18 · filed July 31, 2023
STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED ACTIONS by Defendants Georges Antoun, Kevin A. Denuccio, Hugh J. Gallagher, Sarita James, Jay Leupp, Doug Mellinger, Merrick Okamoto, Said Ouissal, Simeon Salzman, Frederick G. Thiel, Nominal Defendant Marathon Digital Holdings, INC.. (Stein, Kimberly) (other) (referral) (Entered: 07/31/2023)
Who is involved
- Marathon Digital Holdings, INC. [tracked: Marathon Digital]
- Doug Mellinger
- Frederick G. Thiel
- Gary Konigsberg
- Georges Antoun
- Hugh J. Gallagher
- Jay Leupp
- Kevin A. Denuccio
- Merrick Okamoto
- Said Ouissal
- Sarita James
- Simeon Salzman
Why we have it
We follow this case because a company we track is a party: Marathon Digital (listed as “Marathon Digital Holdings, INC.”). We checked the full party list on September 13, 2026 and confirmed the match.
A free copy from the RECAP archive of federal court filings (mirrored at the Internet Archive), retrieved September 27, 2026. Federal court filings are public records.
Document text
5 page(s), 12,527 characters, converted from the PDF's text layer · plain text.
Full text
Case 2:23-cv-01075-RFB-BNW Document 18 Filed 07/31/23 Page 1 of 5
1 Kimberly P. Stein, Esq.
Nevada Bar No. 8675
2 FLANGAS LAW GROUP
3275 S. Jones Blvd., Suite 105
3 Las Vegas, NV 89146
Email: kps@fdlawlv.com
4 Telephone: (702) 307-9500
Counsel for Defendants
5 Georges Antoun, Kevin A. DeNuccio, Hugh Gallagher, Sarita James, Jay Leupp, Doug Mellinger,
Merrick Okamoto, Said Ouissal, Simeon Salzman, and Fred Thiel, and Nominal Defendant
6 Marathon Digital Holdings Inc.
7 [Additional Counsel on Signature Block]
8
UNITED STATES DISTRICT COURT
9 DISTRICT OF NEVADA
10 STEVE HOOD, derivatively on behalf of Case No.: 2:23-cv-01055-RFB-BNW
MARATHON DIGITAL HOLDINGS, INC.,
11 STIPULATION AND [PROPOSED]
Plaintiff, ORDER CONSOLIDATING RELATED
12 ACTIONS
v.
13
FREDERICK G. THIEL, MERRICK
14 OKAMOTO, SIMEON SALZMAN, HUGH J.
GALLAGHER, GEORGES ANTOUN, KEVIN
15 A. DENUCCIO, SARITA JAMES, JAY
LEUPP, SAID OUISSAL and DOUG
16 MELLINGER,
17 Defendants,
18 and
19 MARATHON DIGITAL HOLDINGS, INC.,
20 Nominal Defendant.
21 GARY KONIGSBERG, derivatively on behalf Case No.: 2:23-cv-01075-CDS-DJA
of MARATHON DIGITAL HOLDINGS, INC.,
22
Plaintiff,
23
v.
24
FRANK G. THIEL, MERRICK OKAMOTO,
25 SIMEON SALZMAN, HUGH J.
GALLAGHER, GEORGES ANTOUN, KEVIN
26 A. DENUCCIO, SARITA JAMES, JAY
LEUPP, SAID OUISSAL, and DOUG
27 MELLINGER,
28 Defendants,
1
Case 2:23-cv-01075-RFB-BNW Document 18 Filed 07/31/23 Page 2 of 5
1 and
2 MARATHON DIGITAL HOLDINGS, INC.,
3 Nominal Defendant.
4
5 WHEREAS, on July 8, 2023, plaintiff Steve Hood filed a shareholder derivative action on
6 behalf of Nominal Defendant Marathon Digital Holdings, Inc. (“Marathon” or the “Company”) in
7 this Court making claims for breaches of fiduciary duty, unjust enrichment, waste of corporate assets,
8 and violations of Sections 14(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”)
9 against defendants Georges Antoun, Kevin A. DeNuccio, Hugh Gallagher, Sarita James, Jay Leupp,
10 Doug Mellinger, Merrick Okamoto, Said Ouissal, Simeon Salzman, and Fred Thiel (collectively, the
11 “Defendants”), and for contribution under Sections 10(b) and 21D of the Exchange Act against
12 certain of the Defendants, captioned Hood v. Thiel et al., Case No. 2:23-cv-01055-RFB-BNW (the
13 “Hood” Action”) (Hood Action ECF No.1);
14 WHEREAS, on July 12, 2023, plaintiff Gary Konigsberg (together with plaintiff Steve Hood,
15 “Plaintiffs”) filed a shareholder derivative action on behalf of Nominal Defendant Marathon against
16 the same defendants named in the Hood Action alleging the same facts as the Hood Action and making
17 the same claims for violations of Section 14(a) of the Exchange Act and breaches of fiduciary duty
18 against the Defendants as the Hood Action, captioned Konigsberg v. Thiel et al., Case No. 2:23-cv-
19 01075-CDS-DJA (the “Konigsberg Action,” and together with the Hood Action, the “Derivative
20 Actions”) (Konigsberg Action ECF No.1);
21 WHEREAS, under Fed. R. Civ. P. 42(a), when actions involve “a common question of law or
22 fact,” the Court may “(1) join for hearing or trial any or all matters at issue in the actions; (2)
23 consolidate the actions; or (3) issue any other orders to avoid unnecessary cost or delay”;
24 WHEREAS, Plaintiffs and Defendants (the “Parties”) in the Derivative Actions agree that the
25 Derivative Actions are brought on behalf of the same corporation and challenge the same alleged
26 conduct by the same defendants and involve the same questions of law and fact, and that the
27 administration of justice would best be served by consolidating the Derivative Actions; and
28 WHEREAS this stipulation is not a waiver
2 of any of the Parties’ right, remedies, claims or
Case 2:23-cv-01075-RFB-BNW Document 18 Filed 07/31/23 Page 3 of 5
1
defenses;
2
IT IS ACCORDINGLY STIPULATED AND AGREED by and between the Parties through
3
their authorized attorneys, as follows:
4
1. The following actions (the “Related Derivative Actions”) are hereby consolidated for
5
all purposes, including pre-trial proceedings and trial, under Case No.: 2:23-cv-01055-RFB-BNW (the
6
“Consolidated Action”):
7
Case Name Case Number Date Filed
8
Hood v. Thiel et al., 2:23-cv-01055-RFB-BNW July 8, 2023
9
Konigsberg v. Thiel et al., 2:23-cv-01075-CDS-DJA July 12, 2023
10
2. Every pleading filed in the Consolidated Action, or in any separate action included
11
herein, must bear the following caption:
12
13 UNITED STATES DISTRICT COURT
DISTRICT OF NEVADA
14
15 IN RE MARATHON DIGITAL HOLDINGS, Lead Case No. 2:23-cv-01055-RFB-BNW
INC. DERIVATIVE LITIGATION
16
This Document Relates to:
17 ALL ACTIONS
18
19 3. All papers filed in connection with the Consolidated Action will be maintained in one
20 file under In re Marathon Digital Holdings, Inc. Derivative Litigation, Lead Case No. 2:23-cv-01055-
21 RFB-BNW and all papers and documents previously filed and/or served in the Related Derivative
22 Actions shall be deemed a part of the record in the Consolidated Action.
23 4. This Order shall apply to each shareholder derivative action arising out of the same, or
24 substantially the same, transactions or events as the Consolidated Action, which is subsequently filed
25 in, removed to, reassigned to, or transferred to this Court. When a shareholder derivative action that
26 properly belongs as part of In re Marathon Digital Holdings, Inc. Derivative Litigation, Lead Case
27 No. 2:23-cv-01055-RFB-BNW is hereafter filed in this Court, removed to this Court, reassigned to
28 this Court, or transferred here from another court,
3 this Court requests the assistance of counsel in
Case 2:23-cv-01075-RFB-BNW Document 18 Filed 07/31/23 Page 4 of 5
1
calling to the attention of the clerk of the Court the filing, removal, reassignment, or transfer of any
2
case that might properly be consolidated as part of In re Marathon Digital Holdings, Inc. Derivative
3
Litigation Lead Case No. 2:23-cv-01055-RFB-BNW, and counsel are to assist in assuring that counsel
4
in subsequent actions receive notice of this Order. Unless otherwise ordered, the terms of all orders,
5
rulings, and decisions in the Consolidated Action shall apply to all later substantially similar
6
shareholder derivative actions filed in this Court, removed to this Court, reassigned to the Court, or
7
transferred here from another court.
8
5. Within fourteen (14) days of consolidation and then selection of lead counsel for
9
plaintiffs in the consolidated action, the Parties shall meet and confer and submit a proposed schedule
10
for the filing of a consolidated complaint and answers, motions to dismiss, and/or other responses.
11
Defendants and Nominal Defendants are not required to answer, move, or otherwise respond to the
12
complaints filed in the Hood Action and the Konigsberg Action until the deadline set forth in the
13
Court’s order on the parties’ proposed schedule.
14
6. This Stipulation is without prejudice to any and all claims or defenses that Plaintiff,
15
Defendants, or the Nominal Defendant may assert.
16
17 Respectfully submitted,
18 Dated: July 28, 2023 LEVERTY & ASSOCIATED LAW CHTD.
/s/Patrick R. Leverty_______________
19 Patrick R. Leverty
Reno Gould House
20 Reno, NV 89502
Tel.: (775) 322-6636
21 Email: pat@levertylaw.com
22 Counsel for Plaintiffs Steve Hood and Gary
Konigsberg
23
THE BROWN LAW FIRM, P.C.
24 Timothy Brown (pro hac to be submitted)
767 Third Avenue, Suite 2501
25 New York, NY 10017
Tel.: (516) 922-5427
26 Email: tbrown@thebrownlawfirm.net
27 Counsel for Plaintiff Steve Hood
28 4
Case 2:23-cv-01075-RFB-BNW Document 18 Filed 07/31/23 Page 5 of 5
1 THE ROSEN LAW FIRM, P.A.
Phillip Kim (pro hac to be submitted)
2 275 Madison Avenue 40th Floor
New York, NY 10016
3 Tel.: (212) 686-1060
Email: pkim@rosenlegal.com
4
Counsel for Plaintiff Gary Konigsberg
5
6 Dated: July 28, 2023 FLANGAS LAW GROUP
/s/Kimberly P. Stein_______________
7 Kimberly P. Stein
3275 South Jones Boulevard, Suite 105
8 Las Vegas, NV 89146
Tel.: (702) 307-9500
9 Email: kps@fdlawlv.com
10 WEIL, GOTSHAL & MANGES LLP
Jonathan D. Polkes (pro hac to be submitted)
11 Stephen A. Radin (pro hac to be submitted)
Caroline Zalka (pro hac to be submitted)
12 767 Fifth Avenue
New York, NY 10153
13 Tel.: (212) 310-8770
Email: jonathan.polkes@weil.com
14 Email: stephen.radin@weil.com
Email: carolyn.zalka@weil.com
15
Counsel for Defendants Georges Antoun, Kevin
16 A. DeNuccio, Hugh Gallagher, Sarita James, Jay
Leupp, Doug Mellinger, Merrick Okamoto, Said
17 Ouissal, Simeon Salzman, and Fred Thiel, and Nominal
Defendant Marathon Digital Holdings Inc.
18
19
ORDER
20
IT IS SO ORDERED.
21
_________________________________________
22
UNITED STATES DISTRICT COURT JUDGE
23
24
25
26
27
28 5