Fir Tree Capital Management and crypto asset management firm Grayscale Investments have reached an agreement to resolve a lawsuit the hedge fund filed against the firm last year, according to a report by Bloomberg News.
to investigate potential mismanagement and conflicts of interest, according to Delaware court documents. As per the agreement announced Tuesday, Grayscale will provide documentation around the firm's flagship product GBTC.
In a statement shared with Bloomberg on Tuesday, the firm said that Grayscale should conduct a tender offer for shares in GBTC. Grayscale would need approval from shareholders to allow for such an offering."pleased to resolve Fir Tree Partners’ meritless lawsuit."
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