Genius Fund I ABC, LLC, Ari Stiegler, and Gabriel Borden Announce Resolution of Litigation

PR Newswire · 05/08 15:00

LOS ANGELES, May 8, 2025 /PRNewswire/ -- Genius Fund I ABC, LLC ("ABC"), assignee for the benefit of creditors of Genius Fund I, LLC, together with Ari Stiegler and Gabriel Borden, are pleased to announce that they have reached a mutually agreeable resolution of their lawsuit. The resolution follows a productive mediation session before Hon. Patrick J. Walsh (Ret.) of Signature Resolution.

Through mediation, the parties have resolved all outstanding claims, with no admission of liability by any party, bringing this matter to a close without further litigation. The terms of the resolution are confidential, but both sides express satisfaction with the outcome.

"We're pleased to resolve this case amicably and look forward to moving ahead with our respective ventures," said Ari Stiegler and Gabriel Borden in a joint statement.

"We are glad to put this dispute behind us," said Armen Avedissian, Assignee for ABC. "This resolution allows us to narrow our focus on winding down Genius Fund I, LLC's affairs."

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SOURCE Ari Stiegler