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...The US Trustee noted that after Freeman left Jackson Walker the firm had retained her as a contract attorney in some bankruptcies cases overseen by Jones....
...People close to S&C and FTX noted that all the company’s actions had to be approved by the bankruptcy court with the consent of the US Trustee and creditors, and pointed out that Bankman-Fried had several...
...The US trustee is seeking to reverse more than $13mn in fees the firm was paid in about two dozen cases where it failed to disclose the relationship to the bankruptcy court....
...The Office of the US Trustee, a division of the justice department that oversees the bankruptcy, has said those releases are unlawful because the Sacklers did not file for Chapter 11 bankruptcy protection...
...Cliff White headed the Justice Department’s bankruptcy “watchdog” unit, the US Trustee Program, for 17 years prior to his retirement in 2022....
...Cliff White, who previously managed the US Trustee programme, described the scandal as “a body blow to the integrity” of the bankruptcy system....
...At the time of the Second Circuit’s ruling, the only main objector was the US Trustee, a “government entity without a financial stake in the litigation”....
...Plaintiff Marc Kirschner, a bankruptcy trustee for Millenium Health, claimed JPMorgan and several other banks that sold a $1.8bn syndicated loan for the California drug-testing company should have told investors...
...Given all of that, a recent court case where a bankruptcy trustee asked a judge to classify them as securities (under state law, oddly enough) posed a vague threat to the status quo....
...*This article has been amended to provide the correct name of the US Trustee Letter in response to this article: Bankruptcy court played its part in opioid case / From Ryan Dattilo, Chevy Chase, MD, US...
...Marc Kirschner, the bankruptcy trustee, argues that these legal risks were not disclosed to investors because loans, wrongly, aren’t considered securities....
...The legacy contracts are still in place, even though they took massive hits during the bankruptcies....
...The US bankruptcy trustee, a division of the US Department of Justice, has also opposed J&J’s strategy arguing there are “slim to nonexistent prospects” for a successful reorganisation and any additional...
...The US trustee, an office of the justice department that is responsible for overseeing bankruptcies, objected to keeping the creditors’ names secret, along with media organisations including the Financial...
...The US trustee, an office of the justice department responsible for overseeing bankruptcies, objected to keeping the creditors’ names secret, along with media organisations including the Financial Times....
...The volatility of bitcoin and other tokens and the implosion of the FTX crypto exchange have cost investors billions; and a bankruptcy trustee is seeking to recover money for loan investors left holding...
...Kirschner, the bankruptcy trustee in the case, argues the banks knew about brewing legal problems at Millennium, including an active DOJ investigation, but said nothing....
...Once the case begins, the Office of the US Trustee, the bankruptcy agency of the Department of Justice, will appoint a committee of unsecured creditors that is likely to be composed largely of FTX account...
...And that trustee has written letters to the judge, the bankruptcy judge saying this is, you can’t do this....
...“The bankruptcy process operates like the rest of the court system on the bedrock principle that the public has a right to access judicial records,” Juliet Sarkessian, a lawyer for the US trustee, told the...
...Its largest creditor is Ankura Trust, a New Hampshire-based trustee that represents creditors owed $729mn....
...Everything else has been put on pause by the bankruptcy. Find the full exhibits on PACER or here....
...Objections to Sullivan’s work on the FTX bankruptcy came from multiple quarters, including the US Trustee Program, a unit of the DoJ, and four US senators....
...It’s now one of the biggest assets in FTX’s bankruptcy, The Wall Street Journal reports....
...Job moves Scottish Mortgage Investment Trust has named seasoned board trustee Sharon Flood and Unilever strategy head Vikram Kumaraswamy as independent non-executive directors....
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