Hints and tips:
...FTX’s Chapter 11 bankruptcy filing in a federal court in Delaware includes FTX’s US entity, Bankman-Fried’s proprietary trading group Alameda Research and about 130 affiliated companies....
...Those holdings include a $300mn investment by Alameda in K5 Global, the firm run by Michael Kives....
...There is also an obscure $7mn holding called “TRUMPLOSE”. There are no bitcoin assets listed, despite bitcoin liabilities of $1.4bn....
...The lenders allege Byju’s has technically defaulted on the loan and have used a legal challenge in Delaware to try to force the company to accelerate payment....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...Investors can buy shares in the trusts through their brokerage accounts, rather than holding direct exposure to the coins....
...Hearings on the FTX bankruptcy will get under way at the federal court in Delaware later on Tuesday, where the Nassau-headquartered crypto empire led by Bankman-Fried filed for Chapter 11 protection earlier...
...In mid-January the court-appointed FTX Trading financial adviser filed its list of creditors with bankruptcy court in Delaware....
...The schematic also indicates that FTX Ventures Ltd, the group’s Bahamas-incorporated VC fund, was wholly owned by a little known Delaware holding company Paper Bird Inc, which in turn was wholly owned by...
...Bankman-Fried has no ongoing role at [FTX], FTX US, or Alameda Research Ltd. and does not speak on their behalf,” John Ray, the newly appointed chief restructuring officer and chief executive at FTX, said...
...It is due to appear at an initial bankruptcy court hearing in Delaware on Tuesday....
...Delaware bankruptcy judge John Dorsey on Wednesday gave the green light to go forward with the process to sell the four subsidiaries, which include FTX’s units in Europe and Japan as well as two regulated...
...Delaware”. F*** or be f***ed; that is the question....
...As it restructures in Delaware bankruptcy court, FTX isn’t really in a good spot to start any rescue funds....
...In a Delaware court on Wednesday, a judge ruled that the 9mn creditors of the imploded cryptocurrency exchange will remain sealed for at least three months, over-ruling a bid by the US trustee and media...
...(Side note: FTX management tracks down $1.24bn in cash holdings) But there’s more!...
...One thing to start: Twitter has asked a Delaware court to force billionaire entrepreneur Elon Musk to honour his $44bn agreement to buy the social media company....
...47) Messari Holdings Appears to be the operator of data platform Messari, which promises “industry leading research, data, and analytics tools”. It seems to be alive and well. Good on ’em....
...Tough act to follow In 2018, a German healthcare group became the first company permitted in Delaware court to terminate a merger agreement....
...holding company Michael created)....
...A court case stemming from Anthem’s $54bn bid for rival health insurer and Teneo client Cigna best encapsulates Teneo’s methods: the presiding Delaware judge noted the group was “skilled in the darker arts...
...Instead, Britain’s best-known fund manager ploughed into unlisted investments, which are by their nature less liquid than public holdings....
...Purportedly signed by Wu, the Delaware Rapid Arbitration Act agreement, or DRAA, appears to be an attempt to transfer ownership of the hotels from Anbang to four Delaware-based parties, and also give his...
...In a court in Delaware in the US, questions over the authenticity of a Chinese seal have also played a part in a failed $5.8bn luxury hotel transaction....
...The report, prepared by Delaware law firm Richards, Layton and Finger, is 32 pages long, which means JPMorgan was probably on the hook for a few billable hours....
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