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Teucrium Commodity Trust — Legal Proceedings Report 2020
Dec 14, 2020
35615_prs_2020-12-14_3719e51f-7f67-42c5-ac59-06d83eb74401.zip
Legal Proceedings Report
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424B3 1 tct_424b3.htm PRIMARY DOCUMENT Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2020 Issuer Direct Corporation tct_424b3
Filed pursuant to Rule 424(b)(3)
File No. 333-248546
File No. 333-248545
File No. 333-241569
File No. 333-230623
File No. 333-223943
TEUCRIUM CORN FUND
TEUCRIUM SUGAR FUND
Supplement dated December 11, 2020
to
Prospectus dated October 2, 2020
TEUCRIUM SOYBEAN FUND
Supplement dated December 11, 2020
to
Prospectus dated August 24, 2020
TEUCRIUM WHEAT FUND
TEUCRIUM AGRICULTURAL FUND
Supplement dated December 11, 2020
to
Prospectus dated May 1, 2020
This supplement updates the prospectuses of the Teucrium Corn Fund and the Teucrium Sugar Fund, each dated October 2, 2020, the prospectus for the Teucrium Soybean Fund dated August 24, 2020, and the prospectuses of the Teucrium Wheat Fund and Teucrium Agricultural Fund, each dated May 1, 2020, with the following information. It should be read in its entirety and kept together with your prospectuses for future reference. Capitalized terms and certain other terms used in this supplement have the meanings assigned to them in the applicable prospectus.
Legal Matters. Each Fund has added the following to its prospectus under the “Litigation and Claims” sub-heading under the heading “Legal Matters.”
On November 24, 2020, the Sponsor was notified by Dale Riker, the Sponsor’s former Chief Executive Officer, of his intent to file several claims individually and derivatively on behalf of the Sponsor.
On November 30, 2020, the Sponsor and certain of its officers and members filed suit in the Court of Chancery of the State of Delaware, in which, among other things, they bring several claims including a request that the Delaware Court enforce its pre-existing judgment. The case is captioned Gilbertie v. Riker , C.A. No. 2020-1018-AGB (Del. Ch.).
On December 7, 2020, Dale Riker, individually and derivatively on behalf of the Sponsor, filed suit in the Supreme Court for the State of New York, New York County against the Sponsor, the Sponsor’s officers and the Sponsor’s Class A Members. The case is captioned Riker v. Gilbertie , No. 656794-2020 (N.Y. Sup. Ct.).
The Sponsor intends to pursue its claims in Delaware and defend vigorously against Mr. Riker’s claims in New York.
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