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...David R Jones, the chief judge of the US bankruptcy court for the Southern District of Texas, resigned in the past week after he admitted to concealing a romantic relationship with a Houston bankruptcy attorney...
...In September, a US court mandated that FTX assets could be sold in lots of $100mn per week but said that sales should be carried out without disrupting market prices or tipping off other traders....
...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...
...Last October, the Chief Judge of the US of the Court of Appeals for the Fifth Circuit found “probable cause” that a bankruptcy judge in Houston — who presided over a hugely disproportionate number of the...
...The DoJ’s bankruptcy court affiliate, the Office of the US Trustee, in a court filing now argues that Sorrento deployed “an abusive venue manufacturing scheme” to improperly land in Houston....
...In theory, it is illegal to give the US president gifts. Short of a direct cash bribe, however, such emoluments are hard to prove in court....
...Supporters of the Chapter 11 bankruptcy process say leaving plaintiffs to sue in separate lawsuits spread across US courts leads to inequitable outcomes for victims forced to compete for a fixed settlement...
...While its founder faced his criminal case, FTX has been quickly wound down in bankruptcy court under the oversight of its caretaker chief executive, John Ray....
...The decision comes after Kwon’s company, Terraform Labs, filed for Chapter 11 bankruptcy protection in the US last month. Kwon’s lawyers have three days to appeal the court ruling....
...The US Second Circuit Court of Appeals had ruled loans were not securities....
...Terraform Labs estimated both its assets and liabilities at between $100mn and $500mn in a filing with the Delaware bankruptcy court....
...In November 2021 Painted Pegasus filed for bankruptcy in Texas and did not notify landowners that the wells on their land were being abandoned, according to court documents....
...Kwon owns 92 per cent of Terraform Labs, while his co-founder Daniel Shin owns the remainder, according to the court document....
...FTX imploded in November 2022 and swiftly filed for bankruptcy. One year later, Bankman-Fried was convicted by a New York jury....
...US bankruptcy volumes in 2023 overall were lower, at 133, than in 2020, when there were 179. The latter was a record year for bankruptcies in the US....
...the aftermath of the 2020 US election....
...Filings at the bankruptcy court in southern Florida showed that Bird had estimated assets and liabilities of $100mn-$500mn....
...On Monday, his attorneys at Quinn Emanuel filed a request to appear in court during WeWork’s bankruptcy proceedings. (The lawyers also represent Flow, according to the court filing.)...
...Jones had made Houston, and by extension himself, the epicentre of US corporate bankruptcy litigation....
...Following a decade of decline the number of US corporate bankruptcies rose 30 per cent in the 12 months to September compared with the year-ago period, according to courts data....
...The Washington-based company, which filed for Chapter 7 protection on Wednesday in a Delaware bankruptcy court, said it had total liabilities of $44mn with assets totalling $3mn and between 100 and 199 creditors...
...“In the days following FTX’s bankruptcy, and even after the defendant had been indicted, he mused about launching ‘Archangel LTD’, which would be an alternative to FTX’s bankruptcy and would result in the...
...A prominent US bankruptcy judge will step away from hearing large cases as a federal appeals court investigates his alleged failure to disclose a romantic relationship with a prominent bankruptcy lawyer....
...But it is a common tactic for outsiders in bankruptcy processes to write a public letter in order to get attention from the court or other stakeholders....
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