Lawyers for Celsius investors file motion to have interests represented in court
The legal team requested the court appoint a committee representing certain shareholders or the case could end up "inappropriately and inequitably skewed in favor of the customers." An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case.In a Thursday filing with the U.S. Bankruptcy Court in the Southern District of New York, lawyers with the law firm Milbank requested the appointment of an "Official Preferred Equity Committee" to represent certain Celsius....
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Lawyers representing XRP investors may still have an opportunity to refile in the future, however. XRP tokenholders' attempt to insert themselves as third-party defendants in the U.S. Securities and Exchange Commission case against Ripple may have come to an end.According to court filings, federal judge Analisa Torres has denied a motion filed over the weekend on behalf of more than 6,000 XRP holders. The motion to intervene argues the interests of token holders — in this case, the XRP Army — were not being adequately represented in the lawsuit against Ripple and its executives. Torres....
A federal judge has accepted token holders' claim that their interests are not being adequately represented in the SEC's ongoing lawsuit against Ripple Labs. XRP tokenholders who have sought the right to intervene in the ongoing case against Ripple Labs by the United States Securities and Exchange Commission have been given the green light by the district judge of the court of the Southern District of New York.According to a letter filed by District Judge Anna Torres on March 29, the proposed intervenors have until April 19 to file their motion to intervene, with further deadlines up until....
Last week, news of Celsius’ motion to hire its ex-CFO Rod Bolger on a contract basis for $92,000 a month made the rounds. Once the community caught wind of this, users began to share their opinions of the motion, and as expected, the majority was not impressed with this move. Celsius, which had already filed […]
“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated lawyers in the class-action suit. Lawyers representing investors for BProtocol Foundation, the parent company of decentralized liquidity network Bancor, are asking for the case against the blockchain firm to be tried in the United States. According to court records filed Nov. 2 in the U.S. Southern District of New York, lawyers for Timothy C. Holsworth, the lead plaintiff in the class-action lawsuit against BProtocol, argued that the firm’s executives’ “repeated and....
Celsius Network continues to battle with bankruptcy, and as the proceedings have moved forward, there have been some interesting findings in the court filings. The latest of these has been that the company is struggling to fund its day-to-day activities. After withdrawing its motion to hire back its ex-CFO Rod Bolger at $92,000 a month, […]