A group of shareholders and customers of investment platform Linqto is challenging the potential sale of $16 million in securities that it says may not belong to the company’s bankruptcy estate.
Sapien Group, the Australian investment firm leading the shareholder effort, said it doesn’t oppose Linqto’s sale procedures but questions the inclusion of some “reserved securities,” which the company said it held “for its own account” before filing for Chapter 11 bankruptcy. The objection was filed Tuesday in the US Bankruptcy Court for the Southern District of Texas.
Linqto operated an online platform allowing more than 13,000 customers to invest ...
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