Latest News for: Bankruptcy management

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Bleak future projected for crypto industry

Russia Today 04 Dec 2022
BlackRock, the world’s biggest asset manager, is among the financial firms affected by the bankruptcy of the Bahamas-based crypto exchange. Fink’s company manages $10 trillion in assets on behalf of clients ranging from huge pension funds to high-net-worth individuals.
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Crypto stocks teeter near abyss as Fink’s warning adds to angst

The Times of India 04 Dec 2022
also filed for bankruptcy ... And some money managers see an opportunity in the beaten-down stocks. Cathie Wood’s Ark Investment Management added crypto investments in the weeks following FTX’s bankruptcy, including in Coinbase, Silvergate and the Grayscale Bitcoin Trust.
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Some fear deal between diocese, AG changes little

The Buffalo News 04 Dec 2022
Clohessy and Hamilton said they were concerned that the AG agreed to allow the Buffalo Diocese to hire Kathleen McChesney and her firm, Kinsale Management Consulting, for annual compliance audits. A federal bankruptcy court judge on Friday approved the hire, allowing the firm to ...
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Will Clients Of Bankrupt Celsius Platform Get Their Funds Back?

CoinGape 03 Dec 2022
Now bankrupt crypto lender Celsius, which earlier managed assets worth around $12 billion earlier in the year, was forced into bankruptcy in July after crypto prices spiraled down, thus causing an industrywide liquidity shortage ... According to David Adler, a bankruptcy lawyer at ...
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DOJ seeks independent probe into FTX bankruptcy following allegations that disgraced founder Sam Bankman-Fried engaged ...

The Daily Mail 02 Dec 2022
Department of Justice's bankruptcy watchdog has called for an independent investigation into the collapse of crypto exchange FTX ... Ray has said the lapses in oversight, security and corporate governance he identified were greater than in any other process he has managed in his 40 years as a bankruptcy specialist.
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DOJ watchdog seeks independent review of FTX bankruptcy

Reuters 02 Dec 2022
Ray has said the lapses in oversight, security and corporate governance he identified were greater than in any other process he has managed in his 40 years as a bankruptcy specialist ... Crypto companies crash into bankruptcy, article with galleryDecember 1, 2022.
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'Cowardly' Alex Jones blasted by Sandy Hook families' attorney

Raw Story 02 Dec 2022
Infowars host Alex Jones has filed for personal bankruptcy following the verdict handed down in the defamation lawsuit filed against him by the families of Sandy Hook Elementary School victims. According to HuffPost, court documents indicate that Jones' legal team filed for Chapter 11 bankruptcy protection in Texas' Southern District.
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'Cowardly' Alex Jones blasted by Sandy Hook families’ attorney after filing for bankruptcy to avoid ...

Alternet 02 Dec 2022
Infowars host Alex Jones has filed for personal bankruptcy following the verdict handed down in the defamation lawsuit filed against him by the families of Sandy Hook Elementary School victims. According to HuffPost, court documents indicate that Jones' legal team filed for Chapter 11 bankruptcy protection in Texas' Southern District.
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US lawmakers call for regulation of cryptocurrency in wake of FTX debacle

La Prensa Latina 02 Dec 2022
Like Stabenow, Behnam pointed out that LedgerX, a CFTC-registered derivatives exchange and clearinghouse acquired by FTX, earned praise from the CEO appointed by the bankruptcy court to run the FTX companies for its “solvent balance sheet” and “responsible management.”.
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FTX Japan Might Soon Allow Fund Withdrawals to Its Clients

CoinGape 02 Dec 2022
FTX Japan had first suspended the withdrawals on November 8, three days before the exchange filed for bankruptcy. As per the FTX Japan website, the FTX Trading management team has decided to resume withdrawal services ... FTX Japan also said that its management team is in constant touch with the regulators.
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Japanese Customers’ Cash and Crypto not Part of FTX Japan’s Estate, Will Resume Withdrawals

CryptoPotato 02 Dec 2022
... to resume withdrawal services ” in the ordinary course.” The basis for this decision is an important clarification that the law firm representing the company managed to obtain in the Chapter 11 bankruptcy case.
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Boss of furniture manufacturer who fired 2,700 workers by text and email while they were ...

The Daily Mail 02 Dec 2022
'He’s not returning anyone’s phone calls. It’s such a horrible situation.'. The company held an emergency meeting on November 20 and decided to file for Chapter 11 bankruptcy, but later pulled the decision, according to Hearn. 'It sounds like the management team came up with a plan to save the company but Belford said ... Previous 1 Next. Wooden heart ... .
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Mike Novogratz backs off his call for bitcoin to hit $500,000 in 5 years, blaming ...

Business Insider 02 Dec 2022
Mike Novogratz is one of the richest people in crypto ... The industry has also faced a string of high-profile bankruptcies including asset manager Three Arrows Capital, lending firms BlockFi and Celsius and Sam Bankman-Fried's exchange FTX, which collapsed last month after suffering a solvency crisis ... Read more ... ....
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Unjust Measures Imposed on Labor and African Americans After Midterm Elections

GlobalResearch 02 Dec 2022
Even the emergence from emergency management and bankruptcy, the state governments backed up by Washington and Wall Street continue to inflict regressive tax measures which transfer billions of dollars to the rich while driving working class and impoverished people out of the municipalities.
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Will Donald Trump's antisemitic rendezvous end his political career?

The Jerusalem Post 02 Dec 2022
The subsequent conversation might have sounded roughly like this.. - Who? Kanye West and Nick Fuentes. - West? As in Rebecca West? Who the hell is she? ... - Ah, and that Fuentes guy ... - Yeah, right ... Chief among the loyalists was David Friedman, the lawyer who managed Trump’s bankruptcies before becoming his ambassador to the Jewish state ... Trump is ... .

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