On another note, SBF mentioned that all American customers are “okay” in terms of client assets, but FTX US was included in the bankruptcy. The former CEO kept on making the distinction between FTX US and FTX International, claiming that FTX US, the company’s trading platform for American...
You will be working with your lawyer throughout the bankruptcy. If the lawyer seems disinterested in your case, you should probably move on and select another one. Look for a lawyer who shows empathy towards your situation. Another thing to look for is professionalism and attention. You don’...
Court filings have subsequently revealed that 4% of FTX’s global customers are based in the UAE, making it one of the top 10 jurisdictions impacted by the fallout, according to Bloomberg. The courting of FTX and Binance has been the most visible aspect of efforts by jurisdictions in the Ar...
So bond holders might agree to take 20 cents of new bonds for 100 cents of old defaulted bonds, representing an 80% haircut, if the other option would be an even bigger loss in bankruptcy court. This type of debt restructuring is a form of default and is NOT part of...
Shell shakes up climate targets as it plans to keep gas business growing; Energy major gives itself more flexibility on timing of plans Tom Wilson – Financial Times /jlne.ws/3wTMjvT Wood energy giant Enviva files for bankruptcy; US pellet supplier to power plants brought down by debt, highe...
If the stock does not trade on the relevant exchange between the bankruptcy announcement and the current index business day, the stock may be deleted from the Underlying Index with a presumed market value of $0. c. Split-up / spin-off. The closing price ...
A bankruptcy and new managers, most notably Mr. Barber, have since turned the operation around, with a new scripted television division contributing significantly. •••• MGM's recent television efforts include "Vikings," "Teen Wolf," and the critically acclaimed "Fargo" on FX. • ...
Honorable mention to In the Matter of: The Liquidation of Integrity Insurance Company — New Jersey Supreme Court interpreted the term "absolute" straight-up, left claimants on the rocks and had reinsurers doing the twist concerning Incurred But Not Reported asbestos claims covered by an insolvent...
companies typically get their information by scouring federal, state and local government records. Those government files include voting registries, property filings, marriage certificates, motor vehicle records, criminal records, court documents, death records, professional licenses, bankruptcy filings, and ...
Honorable mention to In the Matter of: The Liquidation of Integrity Insurance Company — New Jersey Supreme Court interpreted the term "absolute" straight-up, left claimants on the rocks and had reinsurers doing the twist concerning Incurred But Not Reported asbestos claims covered by an insolvent...