News cycles are getting shorter and the volumes of news that we process are increasing. So, it’s important to stop and do a follow-up of an important story every once in a while. For instance, the bankruptcy estate of FTX Trading Ltd. (d.b.a. FTX.com) has a little follow-up news for its affiliated debtors via the… Read More >>
Court Approves the Sale of FTX’s Businesses
The debtors of the bankrupt crypto exchange FTX recently won the right legally to sell off key businesses via the U.S. Bankruptcy Court for the District of Delaware, which has set up a schedule for the bidding, auctioning, and sales hearing processes. FTX filed for Chapter 11 bankruptcy in November 2022 and its affiliated debtors… Read More >>
KCG Appoints a CFO
Jersey City, NJ-based KCG Holdings, Inc. has named Steffen Parratt chief financial officer, effective immediately, officials say. He takes over from interim CFO Sean Galvin, who will return to his post as the company’s chief accounting officer. KCG Holdings, which was known formerly as Knight Capital Group, was acquired by Getco LLC in 2012. Following… Read More >>
Lehman Bros. Creditors to Get $4.6B Distribution
The first distribution of funds to unsecured general creditors of failed investment bank Lehman Brothers will release $4.6 billion, starting “on or about September 10,” a development commended by the Securities Investor Protection Corporation (SIPC) in a statement. The first round represents 17 percent of the total claims still held by general unsecured creditors, according… Read More >>
