July 16, 2024
A Berkeley, California, nonprofit asked a Delaware bankruptcy court to dismiss a suit from FTX Trading Ltd. seeking to claw back $5 million in donations, calling FTX's effort "fatally flawed."
July 15, 2024
FTX Trading Ltd. asked a Delaware bankruptcy judge to sign off on a settlement with the U.S. Commodity Futures Trading Commission, saying the agreement to allow the agency a $4 billion claim in its bankruptcy would end a fraud civil enforcement action and address the "most significant single creditor" in the crypto currency exchange's Chapter 11 case.
July 09, 2024
The foreign representatives of FTX Digital Markets Ltd. asked a Delaware bankruptcy judge to block the litigation administrator of Celsius Network LLC from suing the company in New York, saying the purpose of the Chapter 15 case is to avoid precisely this kind of assault.
June 25, 2024
Bankrupt cryptocurrency exchange FTX Trading Ltd. can seek creditor votes for its Chapter 11 plan after a Delaware bankruptcy judge said he would approve the debtor's disclosures after overruling several objections.
June 24, 2024
Bankrupt cryptocurrency exchange FTX trading Ltd. faces a slew of objections to the disclosure statement for its Chapter 11 reorganization plan as it heads into Delaware bankruptcy court Tuesday seeking approval for the plan disclosures and to petition creditor votes.
June 17, 2024
The U.S. Supreme Court ruled there would be no retroactive redress for a disparity between U.S. trustee fees in different jurisdictions, seafood restaurant chain Red Lobster struck a deal with creditors to hammer out a reorganization plan, and a Texas judge pulled the trigger on converting Alex Jones' Chapter 11 case to a Chapter 7.
June 10, 2024
The U.S. Supreme Court said an insurance company has "party in interest" standing to intervene in a Chapter 11 case, the U.S. Department of Justice's bankruptcy watchdog "modernized" its agreement for banks holding debtor funds, and recent motions could pivot Alex Jones and his media company's Chapter 11s to Chapter 7 liquidations.
June 06, 2024
FTX 's creditors have launched a salvo of objections to the defunct cryptocurrency exchange's Chapter 11 plan disclosure statement, arguing it lacks "adequate information" about the objectors' treatment and is rife with "ambiguous" release terms.
June 04, 2024
Defunct cryptocurrency exchange FTX has urged a Delaware bankruptcy judge to put the brakes on multidistrict litigation targeting former company insiders, arguing that those claims rightfully belong to the bankruptcy estate and that any property recovered should instead go to creditors.
June 03, 2024
FTX and the Internal Revenue Service have reached a proposed settlement worth roughly $885 million that would resolve the agency's contention that the bankrupt cryptocurrency exchange operator owes $8 billion in taxes, according to a motion filed Monday in Delaware federal bankruptcy court.