Crisp sued by investors who demand their millions back

Did Crisp conceal liquidity problems from prospective investors? A group of investors claims it did and is taking the Dutch online supermarket to court. They want to have a five million euro loan agreement annulled and are demanding their money back.

Fraud or error?

The case revolves around the information provided about a loan at the end of September 2024. Crisp presented “positive EBITDA prospects” at the time, but shortly afterwards acknowledged that there was a “clear liquidity problem” that “required immediate action”. For a number of new investors, this was reason to go to court in February of this year, on the grounds of withholding financial information.