Terraform Asks To Extend Coverage Of Worker Legal Fees
By Vince Sullivan · May 13, 2024, 5:02 PM EDT
Insolvent cryptocurrency startup Terraform Labs has urged a Delaware bankruptcy court to let it continue to cover legal bills its employees incurred while responding to a government investigation for another six...
Open-source cryptocurrency software developer Terraform Labs filed for Chapter 11, saying it intends to continue operating as it deals with ongoing regulatory litigation brought by the U.S. Securities and Exchange Commission.
Case Number
1:24-bk-10070
Judge
Brendan L. Shannon
Venue
U.S. Bankruptcy Court for the District of Delaware