Attorneys for people who lost money in the FTX cryptocurrency exchange’s collapse will have about two additional months to finalize a global settlement with promoters, insiders, and others, a federal court said Wednesday.
One reason for extending the deadline for requesting preliminary approval to April 24 is a dispute requiring an arbitrator, Judge K. Michael Moore said for the US District Court for the Southern District of Florida. The arbitrator would allocate the settlement proceeds for distribution through the FTX bankruptcy estate and the consolidated civil litigation, according to the docket-only order.
Other reasons the plaintiffs gave the court on ...
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