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CEO Says FTX's Mismanaged Billions Stemmed From 'Hubris, Incompetence and Greed'
The report enumerates FTX's internal shortcomings identified in the past five months, from sloppy accounting to leaving hundreds of millions of dollars in easily accessible storage.
District Court: Boy Scout Bankruptcy Plan Doesn't Need Changes
The District of Delaware decision allows the largest sexual abuse settlement in U.S. history to proceed with distribution, including $2.46 billion already available and potentially another $4 billion from BSA insurers who haven't settled and assets that haven't been liquidated.
3M Fights Possible Deposition of CEO Mike Roman in Earplug Bankruptcy
U.S. Chief Bankruptcy Judge Jeffrey Graham, in Indianapolis, is set to take up the dispute over 3M CEO Mike Roman's possible deposition at a Wednesday hearing.
'Enough Is Enough' in Delaware/Bahamas Jurisdictional Battle, FTX Bankruptcy Attorneys Say
A complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys "in response to serial threats" to relocate the case.
Crypto Trusts Owe Alameda Shareholders $9B, New Suit Claims
Abrams & Bayliss attorneys with Quinn Emanuel Urquhart & Sullivan of counsel state in the complaint that if the Court of Chancery frees funds for Alameda, which has filed for Chapter 11, over a million other trust shareholders would also benefit.
Law Journal Press | Digital Book
Connecticut Foreclosures: An Attorney’s Manual of Practice and Procedure 2024
Authors: Denis R. Caron, Geoffrey K. Milne, Andrew P. Barsom
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Billings for FTX Attorneys Far Outpace Hourly Rates Seen in 2008 Mega Bankruptcies
The largest segment by far is the $25.1 million billed by FTX lead counsel Sullivan & Cromwell across two filings.District Judge Questions Court's Authority to Find Bad Faith in Boy Scout Bankruptcy Plan
Ted Boutrous of Gibson Dunn said there's room for the court to find the plan wasn't in good faith because it doesn't clearly lay out procedures to find which of the more than 82,000 sexual abuse claims set to be paid out by a trust are fraudulent.
AIG Subsidiary's Chapter 11 Filing Is 'Abuse of the Bankruptcy Process,' Ex-Employees Say
The move was aimed at maintaining AIG's interest while giving the employees, the only non-insider creditors identified to date, less than 0.02% of what they're seeking in a Connecticut Superior Court case.
Senators, States and Creditors Challenge Sullivan & Cromwell's Lead Role in FTX Bankruptcy
Hearings in late January and early February will determine whether the law firm will be retained as lead counsel and whether it will be forced to work alongside an independent examiner.
Paul Hastings Lawyers Retained by Creditors Committee in FTX Bankruptcy
The nine-member committee of unsecured creditors includes a mix of individual investors and trading platforms in the cryptocurrency sector.TRENDING STORIES
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