State Delaware Financial News

A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations.

A stockholder in Avantax Inc., which is being acquired by the giant broker-dealer network Cetera Holdings Inc., last week sued Avantax, claiming that its board of directors had approved the filing of a proxy statement that had incorrect information about the merger and potentially could harm investors.

Norfolk Southern has installed the first of what will be more than a dozen of a new generation of automated inspection portals on its tracks in Ohio — not far from where one of its trains derailed in February and spilled hazardous chemicals that caught...

Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report.

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).

Catherine Seeber says it’s a great time to be a financial advisor.

FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings. 

Fallen crypto exchange FTX is currently evaluating proposals from three prospective bidders seeking to restart the crypto trading platform, according to a recent Bloomberg report.

By Jonathan Stempel

By Marianna Parraga

By Andrea Shalal and Kanishka Singh

According to a document that was submitted by the United States Department of Justice (DOJ) on October 4, 2023, two luxury aeroplanes worth several millions of dollars that are held by Samuel Bankman-Fried are now potentially vulnerable to forfeiture. The petition states that the foundation for the action to forfeit the property belongs to «offences described in Counts One through Four and Seven of Indictment 22 Cr. 673 (LAK)» committed by Bankman-Fried. Both a Bombardier Global 5000 BD-700-1A11 and an Embraer Legacy EMB-135BJ are named as the aircraft in question here.

Canadian billionaire entrepreneur Stephan Crétier, founder of the GardaWorld global security empire, has acquired a historic family winery in Napa, Calif., for more than $57 million.

By Svea Herbst-Bayliss

A proposed settlement filed on October 16 could see FTX customers receive the majority of their lost funds by the second quarter of 2024.

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.

NEW DELHI : Engine maker Pratt & Whitney has informed the Singapore International Arbitration Centre (SIAC) that it will deliver engines to Go First only after the grounded airline starts flying again, two people aware of the development said. In July, the SIAC had directed the American company to supply five engines every month to the airline, beginning on 1 August.

The SEC ordered a Delaware investment advisory firm to pay $1.3 million to settle charges that it placed clients in expensive mutual fund share classes without disclosing related conflicts of interest.

By Dietrich Knauth

Joe Biden was interviewed as part of an investigation into his handling of classified documents by Special Counsel Robert Hur, the White House counsel's office said on Monday. The Democratic president's interview was voluntary and conducted over two days, concluding on Monday, said Ian Sams, a spokesperson for the White House counsel's office. US Attorney General Merrick Garland in January named Hur as special counsel to look into the improper storage of classified documents at Biden's Wilmington, Delaware, home and at a Washington think tank office set up for Biden after his 2009-2017 vice presidency. Such special counsels are appointed to handle sensitive cases — usually involving political figures or allegations of serious wrongdoing by the government — and have more independence than is usually afforded to federal investigators to decide whether to bring charges. Hur's interviews with Biden suggest the investigation, which has proceeded quietly, may have advanced to its final stages.

It’s a short trip from the White House to the doghouse. Commander, the latest presidential pet to make headlines for his biting behavior, is following in the pawprints of many four-legged dwellers banished from 1600 Pennsylvania Avenue. The 2-year-old German shepherd with a history of nipping Secret Service agents is “not presently on the White House campus," the White House said Thursday.