Investors have withdrawn a class action lawsuit against Strategy, which accused the company of making false and misleading statements regarding its Bitcoin investment strategy. The lawsuit alleged that Strategy failed to adequately disclose the impact of adopting new accounting standards, specifically measuring crypto assets at fair value, on its financial statements and downplayed the risks associated with Bitcoin's volatility. The defendants included co-founder Michael Saylor, CEO Phong Le, and CFO Andrew Kang.
Investors Withdraw Class Action Lawsuit Against Strategy
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