Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Terraform Labs, a bankrupt blockchain company, has been granted permission by US Bankruptcy Judge Brendan Shannon to hire Dentons as its legal defense against an SEC lawsuit. Dentons agreed to return $48 million that Terraform had pre-paid for legal work. Despite objections from the SEC regarding Terraform's $166 million retainer for lawyers, the court ruled in favor of retaining Dentons.
A Delaware bankruptcy judge should give Sullivan & Cromwell LLP about $31 million in fees for its work in FTX Trading Ltd.'s case from August through October 2023, the Chapter 11 fee examiner said. https://t.co/UdSf3pqtfy
Montgomery McCracken Replaces Cohen & Gresser as Bankman-Fried's Lawyers in SEC, CFTC Actions https://t.co/9r1ZS3NCiH
Despite the SEC objecting to Terraform’s $166M “slush fund” for lawyers, Terraform can retain its law firm, the court ruled https://t.co/7SkvljbEXn
