U.S. District Judge Orlando Garcia agreed Monday to reset the trial to May 22 from March 20 after Pettit’s attorney asked for a 90-day delay.… Read the rest
Appointing an independent examiner in the FTX bankruptcy proceedings “would create an increased risk of further loss through inadvertent disclosures or hacking,” Judge John Dorsery said in a hearing on Wednesday.
Dorsey, who’s overseeing the crypto exchange’s Chapter 11 case in Delaware, denied a motion from the U.S. Trustee to appoint an examiner. He cited concerns about security and cost, echoing arguments made independent-examiner-assets-risk” data-ylk=”slk:last week” class=”link “last week by attorneys representing FTX, the creditor committee, and the joint provisional liquidators.
When a bankruptcy judge appoints an independent examiner, debtors have to pay the bill. That means FTX would have had to pay for an investigation that Dorsey estimated could have cost more than $100 million.
“It is important to keep in mind that while we talk about the cost of an investigation being borne by the debtors, we are actually talking about the cost being borne by the creditors,” Dorsey said during the hearing. “Every dollar spent in these cases on administrative expenses is $1 less to the creditors.”
To bolster its argument against an examiner, the FTX legal team had newly appointed FTX CEO
- Alex Jones is holding onto firearms for January 6 rioters, The Washington Post reported.
- Jones filed for bankruptcy after a judge ordered he pays the families of Sandy Hook victims.
- The controversial talk show host had been subpoenaed for his role in the Jan. 6 insurrection.
InfoWars conspiracy theorist Alex Jones reported that he’s holding onto guns for two January 6th rioters, according to bankruptcy paperwork obtained by The Washington Post.
The document required that he identify property in his possession that he does not own. Among the items, Jones wrote that he’s “holding firearms for certain January 6th participants,” the document reads, per the Post.
Jones recently told HuffPost that he is holding onto weapons for InfoWars War Room host Owen Shroyer and video editor Sam Montoya. Shroyer and Montoya were two of more than a thousand people charged in the Capitol riot so far.
“Both their lawyers respectively asked us if they could store those guns here while the cases were going on,” Jones told the outlet. “Due to the request of their