Robert N.C. Nix Federal Courthouse in Philadelphia, home to U.S. Bankruptcy Court for the Eastern District of Pennsylvania. Credit: Beyond My Ken via Wikimedia Commons Sacks Weston Set to Continue Operations for the Next Month, Court Rules
A bankruptcy judge found the firm could continue to use the approximately $98,000 left in its operating and payroll accounts for now. Litigation funder Virage Capital, owed $14 million, wants the funds to be categorized as cash collateral.
September 13, 2023 at 02:04 PM
3 minute read
Embattled Philadelphia firm Sacks Weston was granted a brief reprieve in its fight with litigation funder Virage Capital at a hearing Wednesday, with U.S. Bankruptcy Judge Patricia Mayer of the Eastern District of Pennsylvania allowing the firm to continue using its operating funds until the next hearing at the end of October.
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