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Terraform Labs can hire Dentons US LLP as its special counsel in its Chapter 11 case, a Delaware federal bankruptcy judge ruled, with the firm agreeing to return $48 million of a $70 million retainer that was hit with objections. https://t.co/RKzTzSsMz4
US Bankruptcy Judge Brendan Shannon approved Terraform Labs' hire of Dentons to defend the blockchain company from an SEC lawsuit, after the law firm agreed to return $48 million that Terraform had pre-paid for legal work https://t.co/aFfj3IwBF3 https://t.co/ien8k3BMvy
Terraform Labs received a bankruptcy judge's permission to hire Dentons to defend the company from an SEC lawsuit, after the law firm agreed to return $48 million that Terraform had pre-paid for legal work. Read more: https://t.co/pPL94IoOxp Subscribe: https://t.co/jDp2Zvzsw0 https://t.co/nMv3uIgAx1
Terraform Labs, a blockchain company, received approval from a US bankruptcy judge to hire Dentons as legal defense against an SEC lawsuit. Dentons agreed to return $48 million pre-paid for legal work. The decision follows disputes with the debtor's chief restructuring officer in Terraform's Chapter 11 case.
