YieldStreet and Investors Settle for $6.2 Million in Sunken Ship Scrap Dispute

For the second time in just over a year, YieldStreet, a digital alternative investment platform, has agreed to pay millions of dollars to clients who invested in ship-scrapping loans that are under water.

YieldStreet and a class action group of investors, who initially filed their complaint against the firm in 2020, agreed to a $6.2 million cash settlement, as well as waiving potential fees, according to a filing this week in federal court in Manhattan.

Read more at Investment News.