Bankrupt Cyber Litigation Inc. won court approval to investigate more than $71 million in stock-related transfers the company made under its former CEO.
The Las Vegas-based company, formerly known as NS8, filed for bankruptcy in October after founder and former CEO Adam Rogas was accused of fabricating financial statements and defrauding investors. The company changed its name to Cyber Litigation after it sold substantially all of its assets to Codium Software LLC in December.
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware, who approved Cyber Litigation’s investigation request Wednesday, allowed the company to issue ...
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