ICYMI: Bankruptcy court judge gives green light to serve subpoenas to 3AC founders for discovery
The legal team attempting to recoup funds from Three Arrows Capital have gotten the green light to issue subpoenas in the investigation for further information.
The legal team attempting to recoup funds from embattled fund Three Arrows Capital have gotten the green light to issue subpoenas to the founders and relevant firms for information in the investigation. A judge in the Southern District of New York has issued an order granting provisional relief.after being liquidated by its lenders. The fund sustained significant losses during the collapse of the Terra ecosystem and faced further turmoil during a wider industry selloff.
A hearing today sought an order granting provisional relief, which usually attempts to freeze the status quo of assets as proceedings move forward. Indeed, Goldberg said that Davies and Zhu haven't been located. "This is by no means a sufficient form of cooperation. And I should note it came only after we filed this emergency motion before the court," he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Founders of Bankrupt Crypto Hedge Fund 3AC Go Missing, as Investors Try to Recoup AssetsLawyers representing 3AC’s creditors say the physical whereabouts of Zhu Su and Kyle Davies are “currently unknown.”
Read more »
3AC co-founder returns to Twitter, blames liquidators for 'baiting'A 3AC co-founder appeared on Twitter amid rumors of “going missing,” and shared two screenshots of emails from their legal counsel blaming liquidators for baiting them.
Read more »
Zhu Su Breaks the Silence: Three Arrows Capital to Seek Appropriate Sanctions Over Disappointing Court FilingsThe lawyers representing Three Arrows Capital (3AC) founders have called the court filing disappointing and have accused the creditors of baiting their clients.
Read more »
Founders of Bankrupt Crypto Hedge Fund 3AC Go Missing, as Investors Try to Recoup AssetsLawyers representing 3AC’s creditors say the physical whereabouts of Zhu Su and Kyle Davies are “currently unknown.”
Read more »
3AC co-founder returns to Twitter, blames liquidators for 'baiting'A 3AC co-founder appeared on Twitter amid rumors of “going missing,” and shared two screenshots of emails from their legal counsel blaming liquidators for baiting them.
Read more »
From $10 Billion to Zero: How a Crypto Hedge Fund Collapsed and Dragged Many Investors Down With ItThe bankruptcy filing of 3AC, a crypto hedge fund that failed to meet margin calls, set off a domino effect in the market.
Read more »