Adam Moskowitz, left, of the Moskowitz Law Firm and David Boies ,right, of Boies Schiller Flexner. (Courtesy photos) FTX Investors Object to Disclosure Statement's Alleged Undervaluing of Crypto, Omitting Investigation Into Am Law 100 Firm
"It is extraordinary that in this case, there were so many important details that were not included in the disclosure statement that are key to the ultimate decision of whether you approve the plan or not," said Adam Moskowitz, managing partner at the Moskowitz Law Firm.
June 07, 2024 at 11:42 AM
5 minute read
Plaintiffs in the FTX Trading Ltd. multidistrict litigation raised several objections to the disclosure statement in Delaware bankruptcy court, including that the reorganization plan allegedly severely undervalues customer recoveries and that it omits that an independent investigation was recommended into an Am Law 100 firm.
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