to pay those who had money at defunct FTX as much as 90% of the assets that remain, and now the lawyers representing some creditors are trying to get enough of those investors on board to make it happen.before the company detonated. So, it's still uncertain exactly how many cents on their dollars people will see returned to them when the dust clears.
"We want to get the word out," said Sarah Paul, a lawyer with Eversheds Sutherland who represents the Ad Hoc Committee of Non-U.S. Customers and its $1 billion in claims against FTX."This is a really great result for customers." But the bankruptcy negotiation was always aimed toward a settlement, because it gets money into people's hands much more quickly, Paul explained. The lawyers have until Dec. 1 to get a 75% approval rate from the 60 individuals and entities in their group and with any investors who sign up as members in the coming weeks..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Venezuelan creditors say gov't-opposition deal helpful for debt restructuringVenezuelan creditors say gov't-opposition deal helpful for debt restructuring
Source: Investingcom - 🏆 450. / 53 Read more »
Google uses Play Store to promote RCS to Apple usersJohanna 'Jojo the Techie' is a skilled mobile technology expert with over 15 years of hands-on experience, specializing in the Google ecosystem and Pixel devices. Known for her user-friendly approach, she leverages her vast tech support background to provide accessible and insightful coverage on latest technology trends.
Source: PhoneArena - 🏆 322. / 59 Read more »
Neymar Jr. & Nick Bosa Go Shirtless to Promote Kim Kardashian Skims Men's LineKim Kardashian's shapewear company is launching a men's line, and KK hired one of the most famous and influential athletes in the world to promote the brand, Neymar Jr.!
Source: TMZ - 🏆 379. / 59 Read more »
Seahawks promote Joey Hunt , elevate Easop Winston & SaRodorick Thompson from practice squadEvan Brown has been the healthiest Seahawks offensive lineman this season, but with Brown questionable against the Cardinals the Seahawks promoted Hunt to the active roster.
Source: FieldGulls - 🏆 66. / 68 Read more »
Greece school district hosts bus crash simulation to promote road safety awarenessGreece, N.Y. — The Greece Central School District hosted a school bus accident simulation on Saturday.The goal of the crash simulation is to educate the communi
Source: 13WHAM - 🏆 256. / 63 Read more »
Pet Connections Promote Environmental SustainabilityConnections with pets not only improve human health, but they can promote environmental sustainability by increasing people's concern with protecting nature.
Source: PsychToday - 🏆 714. / 51 Read more »