A U.S. appeal court will need to decide if FTXOfficial’s collapse warrants an official independent probe, a lower-tier district judge said today. jackschickler reports
, as the law compels him to refer the case upwards if the U.S. Trustee, a branch of the Department of Justice concerned with bankruptcy, asks for it, and if there’s no dispute over facts.
“No one contests that the Trustee requested an examiner here or that the debtor's fixed, liquidated, unsecured debts, other than debts for goods, services, or taxes, or owing to an insider, exceed $5 million,” Connolly’s ruling said, adding that all that remains is a legal question – whether the bankruptcy code compels an independent probe.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
3-month-old baby found dead in woods near Bronx homeless shelter: policeThe medical examiner will determine the baby’s cause of death, the NYPD said.
Les mer »
Honoring Fallen Service Members on Memorial DayVoices on all sides marked Memorial Day by commemorating fallen soldiers, their memories, and the values they died for. See views from nytopinion, militarytimes and dcexaminer:
Les mer »
15-year-old Warrensville Heights boy murdered in ClevelandThe Cuyahoga County Medical Examiner identified the victim as Ronald Jackson III.
Les mer »
Temasek slashes compensation for execs responsible for its $275M FTX investmentAccording to a May 29 report from Bloomberg, Temasek has wrapped up its internal review of the $275 million investment loss incurred from FTX and declared that there was “no misconduct” internally, however staff involved will have their compensation reduced.
Les mer »
Singapore's Temasek cuts compensation for staff responsible for FTX investmentSingapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for its senior management team.
Les mer »
Singapore's Temasek cuts compensation for staff responsible for FTX investmentThe move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million.
Les mer »