Several parties argued the disclosure statement that’s part of the plan didn’t meet the legal standard for approval, but Judge John T. Dorsey overruled their objections.
June 25, 2024 at 04:20 PM
3 minute read
The original version of this story was published on Delaware Business Court Insider
FTX moved one step closer to finalizing a reorganization plan on June 25, with a Delaware bankruptcy judge allowing the cryptocurrency exchange to go forward with a creditor vote on a liquidation plan.
Several parties argued the disclosure statement that’s part of the plan didn’t meet the legal standard for approval, but Judge John T. Dorsey overruled their objections.
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