Voyager’s Creditors Push Back Against Plans to Provide Execs With Legal Immunity

have so far gone relatively smoothly, but one major catch emerged on Wednesday – Voyager’s executives have included sweeping legal immunity for themselves in the proposed sale agreement., Voyager’s Unsecured Creditors Committee pushed back against the included provision for “broad releases” that would shield the crypto lender’s directors and officers – the individuals “principally responsible for the Debtors’ financial woes,” according to the filing – from future lawsuits.

According to Wednesday’s filings, the UCC conducted an investigation into Voyager’s executives’ conduct to find out what the legal immunity would shield them from, and called their findings “sobering.” Due to the redactions in the document, details of the UCC’s findings are currently unavailable, but the attorneys argued that attempts to protect the executives from lawsuits were “particularly egregious” due to the potential for “colorable and valuable causes of action against these directors and officers.”

The UCC’s objection urges the court overseeing Voyager’s bankruptcy proceedings to reject the provision for legal immunity but proceed with the sale agreement.

investvoyager FTX_Official cheyenneligon This guy looks like he hides in changing rooms at your local JC Penny

investvoyager FTX_Official cheyenneligon Airdrop campaign now ✅

investvoyager FTX_Official cheyenneligon Crazy returns in airdrop now 🎁

investvoyager FTX_Official cheyenneligon How come everyone is silent on this

investvoyager FTX_Official cheyenneligon Why you not talking about this!

investvoyager FTX_Official cheyenneligon Airdrop Don't be late 🤯

investvoyager FTX_Official cheyenneligon Airdrop Don't be late 🤯

investvoyager FTX_Official cheyenneligon How come no one is talking about this!

investvoyager FTX_Official cheyenneligon It's live now airdrop on👏

investvoyager FTX_Official cheyenneligon Airdrop Don't be late 🤯

investvoyager FTX_Official cheyenneligon Get more coins👉

investvoyager FTX_Official cheyenneligon How come no one is talking about this!

investvoyager FTX_Official cheyenneligon Crazy returns in airdrop now 🎁

investvoyager FTX_Official cheyenneligon Why is everybody silent on this?

investvoyager FTX_Official cheyenneligon Why are they keeping this a secret

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Think Tank Coin Center Sues US Treasury Over Tornado Cash SanctionsNEW: coincenter sued the U.S. Treasury Department over its Tornado Cash sanctions, becoming the second group after Coinbase to fund a legal effort to declare the action unlawful. nikhileshde reports coincenter nikhileshde Basically I keep telling people that eventually in USA that a Constitutional Amendment will come ensuring our financial freedoms. The US cannot tell citizens what currency we can't use. It's an individuals Right to decide how they want to conduct commerce. coincenter nikhileshde tornadocash is opensource software. There are many reasons people might use it. It sets an extremely bad precedent to ban this open source code.
Source: CoinDesk - 🏆 291. / 63 Read more »

Pushing back against ESG movement, conservatives propose pro-fossil fuel board member for Exxon MobilA conservative group wants a pro-fossil fuel lawyer and scientist on the board of Exxon Mobil Corp., in an effort to confront an 'insurgency' of pro-ESG members This is a move in the right direction!
Source: FoxBusiness - 🏆 458. / 53 Read more »