Despite his agreement to forming the committee, the judge said he will “reserve the benefit” of “hindsight.” If he decides that the interests of the equity holders weren’t advanced by the committee, or it was done at the expense of other creditors, he might use “a number of tools,” including bringing the committee’s budget down to zero.
Trending
Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX...
The crypto exchange wants to question its founder’s family as it seeks to locate allegedly misappropriated funds
Source link