On January 14, 2020, Verso Corporation issued a statement in response to litigation from Lapetus Capital II LLC and BW Coated LLC. In the statement, the Company stated that it has pending litigation with Lapetus Capital, which relates to Lapetus Capital's requests for books and records in connection with Lapetus Capital's director nominations, the merits of which will be addressed by the court – not the press. The Company also stated that Lapetus Capital has made numerous inaccurate allegations and statements relating to the Pixelle Transaction in an attempt to promote their fictionalized version of fact and law.