Pro Take: Judge Drain Says Bankruptcy Safe Harbor Enables Private-Equity Looting: Judge Robert Drain used the last opinion of his two-decade career on the bench to call out private-equity firms that loot businesses and to suggest tightening a legal safe harbor that can protect them when their bad bets end in bankruptcy.
FTX shouldn't be able to buy Voyager assets until after investigation: Texas authorities: “FTX US should not be permitted to purchase the assets of the debtor unless or until the Securities Commissioner has an opportunity to determine whether FTX US is complying with the law and related and/or affiliated companies, including companies commonly controlled by the same management, are complying with the law,” according to a new filing made Friday.
Three Arrows Founders Zhu and Davies, Still Absent, to Get Subpoenas on Twitter - Bloomberg: Liquidators charged with untangling the blowup of Three Arrows Capital are taking unusual steps to force the crypto hedge fund’s founders, Su Zhu and Kyle Davies, to cooperate with its unwinding.
FTX US, Sam Bankman-Fried Are Subject of Probe by Securities Regulator | Barron's: At issue are accounts that pay investors yield for depositing their cryptos with the company, the enforcement chief for Texas State Securities Board said.
Imerys Can Remain in Bankruptcy, Judge Rules - WSJ: Insurer lost its fight to dismiss the talc miner’s bankruptcy on the basis of bad faith