Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms

NewsVoyager Creditors Take Issue With Immunity Plans for Execs in Bankruptcy

Voyager Creditors Take Issue With Immunity Plans for Execs in Bankruptcy

Oct 14,2022,09:37

Voyager Digital creditors are taking issue with plans to provide the crypto lender’s directors and officers with immunity from lawsuits tied to its descent into bankruptcy. The company’s pending sale to FTX appears to be conditioned on Voyager’s top executives being afforded "broad releases" from lawsuits, protecting those principally responsible for the firm’s financial problems, lawyers for Voyager’s official committee of unsecured creditors said in court papers filed Wednesday.

Source
News
Join Our Community

Get the BloFin App