IN RE CELSIUS NETWORK LLC

Case No. 22-10964 (MG).

655 B.R. 301 (2023)

IN RE: CELSIUS NETWORK LLC, et al., Debtors.

United States Bankruptcy Court, S.D. New York.

Signed November 9, 2023.


Attorney(s) appearing for the Case

KIRKLAND & ELLIS LLP, Attorneys for the Debtors and Debtors in Possession, 601 Lexington Avenue, New York, New York 10022, By: Joshua A. Sussberg, Esq. 300 North LaSalle Street, Chicago, Illinois, 60654, By: Patrick J. Nash Jr., Esq. , Ross M. Kwasteniet, Esq. , Christopher S. Koenig, Esq. , Dan Latona, Esq.

WHITE & CASE LLP, Attorneys for the Official Committee of Unsecured Creditors, 1221 Avenue of the Americas, New York, NY 10020, By: David M. Turetsky, Esq. , Samuel P. Hersey, Esq. , Joshua D. Weedman, Esq. , 111 South Wacker Drive, Suite 5100, Chicago, Illinois 60606, By: Michael C. Andolina, Esq. , Gregory F. Pesce, Esq. , Gabriela Z. Hensley, Esq. , 555 South Flower Street, Suite 2700, Los Angeles, CA 90071, By: Aaron Colodny, Esq. , OFFICE OF THE UNITED STATES TRUSTEE, 1 Bowling Green, Room 534, New York, NY 10004, By: Shara Cornell, Esq. , Mark Bruh, Esq. , SECURITIES AND EXCHANGE COMMISSION, 100 F Street, NE, Washington, DC 20549, By: Therese A. Scheuer, Esq. , 950 East Paces Ferry Rd., N.E., Suite 900, Atlanta, GA 30326, By: William M. Uptegrove, Esq. , Alan Maza, Esq.

VENABLE LLP, Attorneys for Ignat Tuganov, 151 West 42nd St. New York, New York 10036, By: Jeffrey S. Sabin, Esq. , 600 Massachusetts Avenue, NW Washington, DC 20001, By: Andrew Currie, Esq.

McARTER & ENGLISH, LLP, Attorneys for the Ad Hoc Borrowers Group, Worldwide Plaza, 825 Eighth Avenue, 31st Floor, New York, NY 10019, By: David Adler, Esq.

OFFIT KURMAN, P.A., Attorneys for the Ad Hoc Group of Earn Account Holders, 590 Madison Avenue, 6th Floor, New York, NY 10022, By: Jason A. Nagi, Esq. , 1954 Greenspring Drive, Suite 605, Timonium, Maryland 21093, By: Joyce A. Kuhns, Esq.

TROUTMAN PEPPER HAMILTON SANDERS LLP, Attorneys for the Ad Hoc Group of Withhold Account Holders, 4000 Town Center, Suite 1800, Southfield, MI 48075, By: Deborah Kovsky Apap, Esq.

WEINBERG ZAREH MALKIN PRICE LLP, Attorneys for the Pending Withdrawal Ad Hoc Group, 45 Rockefeller Plaza, Suite 2000, New York, New York 10111, By: Adrienne Woods, Esq. , Omid Zareh, Esq.

Pro Se Creditor Daniel Frishberg

Pro se Creditor Immanuel Herrmann

Pro se Creditor Richard Phillips

Pro se Creditor Otis Davis

Pro se Creditor Dimitry Kirsanov

Pro se Creditor Artur Abreu

Pro se Creditor Johan Bronge

Pro se Creditor David Schneider

Pro se Creditor Cathy Lau


CORRECTED MEMORANDUM OPINION APPROVING THE CEL TOKEN SETTLEMENT AND RESOLVING ISSUE OF COLLATERAL OWNERSHIP IN THE MODIFIED JOINT CHAPTER 11 PLAN OF CELSIUS NETWORK AND ITS DEBTOR AFFILIATES

The Court has entered the Findings of Fact, Conclusions of Law, and...

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