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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.
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
