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US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
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Disgraced Crypto Mogul Do Kwon Pleads Guilty To Fraud Over $40 Billion Terraform Collapse
South Korean cryptocurrency specialist Do Kwon pleaded guilty to fraud charges in front of a New York judge on Tuesday following his firm's multi-billion-dollar bankruptcy, court filings showed.
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Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
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J&J's $8.2 Billion Settlement Linked To Iconic Baby Powder Faces Court Test
The fate of Johnson & Johnson's latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.
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FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.
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Under Pressure, Trump Goes On Attack As $454 Million Deadline Looms
Donald Trump lashed out at prosecutors Friday as the clock ticked down on the possible seizure of his assets and threatened bankruptcy if he fails to come up with cash to pay a half-billion dollar bond.
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Joe Biden Nominates Indian-Origin Judge To US Court For New York
President Joe Biden has nominated Indian-origin judge Sanket Jayshukh Bulsara, an expert in securities, contract, bankruptcy, and regulatory matters, for the United States District Court for the Eastern District of New York.
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Byju's US Unit Files For Bankruptcy In Delaware
A US unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the US court of Delaware, listing liabilities in the range of $1 billion to $10 billion.
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FTX Exchange Gets Court Approval to Sell Crypto Assets, Move Will Allow Repayment to Customers
Bankrupt crypto exchange FTX received US court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in US dollars and minimize risks related to price volatility in crypto markets.
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Chinese Real Estate Giant Evergrande Files For Bankruptcy Protection
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure.
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China's Evergrande Group Files For Bankruptcy In US
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal.
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FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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FTX Gets Court Permission to Sell Its LedgerX Business to Raise Funds for Repaying Creditors
Bankrupt crypto exchange FTX received US bankruptcy court permission on Thursday to sell its LedgerX business for $50 million (nearly Rs. 408 crore), raising additional funds to repay creditors. At a hearing in Wilmington, Delaware, US Bankruptcy Judge John Dorsey signed off on FTX's sale of LedgerX, its non-bankrupt crypto derivatives trading plat...
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FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4
FTX on Tuesday announced that it had reached an agreement to sell LedgerX, the bankrupt crypto exchange's crypto derivatives platform to an affiliate of Miami International Holdings. The crypto firm will seek approval for the sale of its platform in a deal worth $50 million (roughly Rs. 400 crore) in a US bankruptcy court on May 4.
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US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
-
Disgraced Crypto Mogul Do Kwon Pleads Guilty To Fraud Over $40 Billion Terraform Collapse
South Korean cryptocurrency specialist Do Kwon pleaded guilty to fraud charges in front of a New York judge on Tuesday following his firm's multi-billion-dollar bankruptcy, court filings showed.
-
Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
-
J&J's $8.2 Billion Settlement Linked To Iconic Baby Powder Faces Court Test
The fate of Johnson & Johnson's latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.
-
FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.
-
Under Pressure, Trump Goes On Attack As $454 Million Deadline Looms
Donald Trump lashed out at prosecutors Friday as the clock ticked down on the possible seizure of his assets and threatened bankruptcy if he fails to come up with cash to pay a half-billion dollar bond.
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Joe Biden Nominates Indian-Origin Judge To US Court For New York
President Joe Biden has nominated Indian-origin judge Sanket Jayshukh Bulsara, an expert in securities, contract, bankruptcy, and regulatory matters, for the United States District Court for the Eastern District of New York.
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Byju's US Unit Files For Bankruptcy In Delaware
A US unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the US court of Delaware, listing liabilities in the range of $1 billion to $10 billion.
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FTX Exchange Gets Court Approval to Sell Crypto Assets, Move Will Allow Repayment to Customers
Bankrupt crypto exchange FTX received US court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in US dollars and minimize risks related to price volatility in crypto markets.
-
Chinese Real Estate Giant Evergrande Files For Bankruptcy Protection
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure.
-
China's Evergrande Group Files For Bankruptcy In US
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal.
-
FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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FTX Gets Court Permission to Sell Its LedgerX Business to Raise Funds for Repaying Creditors
Bankrupt crypto exchange FTX received US bankruptcy court permission on Thursday to sell its LedgerX business for $50 million (nearly Rs. 408 crore), raising additional funds to repay creditors. At a hearing in Wilmington, Delaware, US Bankruptcy Judge John Dorsey signed off on FTX's sale of LedgerX, its non-bankrupt crypto derivatives trading plat...
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FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4
FTX on Tuesday announced that it had reached an agreement to sell LedgerX, the bankrupt crypto exchange's crypto derivatives platform to an affiliate of Miami International Holdings. The crypto firm will seek approval for the sale of its platform in a deal worth $50 million (roughly Rs. 400 crore) in a US bankruptcy court on May 4.
