State Delaware Financial News

13.07 / 09:41

regulation FTX Court Court: FTX spent $400 million on the acquisition of its European branch

According to the legal team of the FTX investors, trying to return their funds through court, a failed crypto exchange spent “nearly $400 million” to acquire Digital Assets DA AG (“DAAG”). Later the Swiss company became known as FTX Europe. Now the plaintiffs are eager to be refunded the money that was spent on it by Sam Bankman-Fried and his associates.

12.07 / 11:41

Binance Digital SEC Action coinbase Bittrex Amicus Paradigm Counsel Accuses SEC of Overreach in Crypto Market Regulation

Crypto investment firm Paradigm has submitted an amicus brief in the ongoing US SEC vs crypto exchange Bittrex case, asserting that the regulator is “wrongfully attempting” to oversee crypto secondary markets.

11.07 / 20:49

business FTX Court Bankruptcy Ftx Claims Portal FTX claims portal becomes unavailable shortly after going live

Bankrupt cryptocurrency exchange FTX launched a customer claims portal, which stayed live for roughly an hour before going offline for unknown reasons.

09.07 / 03:35

UPS Twitter Man Action Tesla SpaceX elon Elon Musk's X Corp files lawsuit against law firm to recoup fees from Twitter buyout

World's richest man and the owner of Tesla and SpaceX, Elon Musk, took legal action against law firm Wachtell, Lipton, Rosen & Katz. In the lawsuit, Elon Musk claimed it took advantage of the company while running up a $90 million bill. Twitter owner has demanded the recovery of the $90 million fee his company gave to the law firm for defeating his bid to walk away from his $44 billion buyout of the social media company.

08.07 / 08:15

Provident Twitter Platform Action Tesla Discover SpaceX elon Elon Musk's X Corp files lawsuit against Wachtell, Lipton and others. Here's why

Lipton, Rosen & Katz. The lawsuit aims to recover a significant portion of the $90 million fee that the law firm received for successfully preventing Musk from abandoning his $44 billion acquisition of Twitter. The complaint was lodged on Wednesday in the California Superior Court located in San Francisco.

08.07 / 03:53

Twitter Platform Tesla SpaceX elon Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout

The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the October 27, 2022 deadline to buy Twitter, a huge «success» fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. The world's richest person, who also runs Tesla Inc and SpaceX, called the $90 million payout «unconscionable,» given that Wachtell had billed less than one-third that sum for its few months of work on the Delaware lawsuit.

07.07 / 19:53

FIVE Immunic creditors U.S. appeals court upholds Venezuela creditors ability to sue

(Reuters) — A U.S. court of appeals on Friday rejected Venezuela's bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets.

07.07 / 13:55

Progressive Career Strategy Matthews Hallmark One Point One Solutions Expands its Global Footprint with Wholly Owned U.S Subsidiary and Appointment of Sales Team

Mumbai – 6th July, 2023 One Point One Solutions Ltd., a prominent leader in Business Process Management (BPM) services, is proud to announce the establishment of its wholly-owned U.S. subsidiary "ONE POINT ONE USA INC." The subsidiary will be headquartered in Delaware, in the state of Delaware. This subsidiary represents strategically positioned to capture opportunities and establish a strong presence in the American market.

07.07 / 11:19

UPS Career CEO Assurant Mercer week Mercer Global Advisors heads northeast for second acquisition of the week

Just days after announcing its first acquisition since its latest recapitalization, Mercer Global Advisors has expanded again.

06.07 / 19:01

business FTX Deal Fried Backed Sam Sam Bankman-Fried backed out of FTX sponsorship deal with Taylor Swift: Report

The sponsorship deal between defunct cryptocurrency exchange FTX and Taylor Swift was reportedly called off at the request of former CEO Sam Bankman-Fried (SBF), and not the singer-songwriter, as many reports have suggested.

06.07 / 16:59

Platform Action Bittrex Financial Florida's Financial Regulator Accuse Bittrex Exchange for Violating Several State Laws Before Filing for Bankruptcy

Bittrex cryptocurrency exchange which filed for Chapter 11 bankruptcy on May 8 in the US state of Delaware, is now accused of violating several laws in the state of Florida.

06.07 / 16:55

Law regulation Bittrex Bittrex may still face enforcement action in Florida amid bankruptcy

The Florida Office of Financial Regulation is considering action against United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May.

03.07 / 14:37

UPS Progressive Career Action Strategy Financial Advice end Financial How the end of affirmative action could hurt financial advice

The Supreme Court’s bombshell ruling Thursday striking down race-conscious college admissions programs will likely hurt diversity within the financial advice profession — but the degree to which it will do so is unclear, observers said.

02.07 / 12:33

UPS NASDAQ Tesla HON Standard week Chapter 11 at Lordstown; Tesla charging standard more entrenched: This week in EVs

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and TSP puts up for-sale signs.

27.06 / 18:43

FTX recovery Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts

The new leadership team at FTX has recouped approximately $7 billion in liquid assets as the exchange continues recovery efforts.

25.06 / 08:47

Legal Bloomberg FTX Media FTX User Names: Media Houses Appeal to Overturn Court Redaction Decision

Several major media outlets have filed an appeal aiming to overturn a bankruptcy court's decision to redact the names of FTX users permanently.

23.06 / 12:03

FTX Fried Sam FTX Seeks to Recover $700 Million from Sam Bankman Fried's Affiliated Funds

Now-defunct cryptocurrency exchange FTX has sued a former aide for Hilary Clinton and the former aide's investment firm, K5 Global, to retrieve $700 million in funds.

22.06 / 23:57

business Investments Fraud FTX Bankruptcy Fried FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants.

22.06 / 17:33

ETF NASDAQ SEC Strategy CME BlackRock Bitcoin spot bitcoin valkyrie Valkyrie Funds Files Application for Spot Bitcoin ETF

Valkyrie Funds, a Tennessee-based asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) for approval for a bitcoin exchange-traded fund (ETF).

16.06 / 06:32

Court Bittrex Bankruptcy Withdrawals Customers US Judge Signs Court Order Allowing Bittrex Customers To Make Withdrawals

A US district judge signed a court order on Tuesday allowing Bittrex customers to make withdrawals following back and forth between the court and the US government.

16.06 / 05:28

business Department Of Justice Bittrex FinCEN Withdrawals Bittrex withdrawals set to resume after bankruptcy court gives green light

Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of Delaware. The decision does not settle the question of the subordination of U.S. government claims, which had led to objections against its plan.

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