Terraform Asks To Extend Coverage Of Worker Legal Fees

By Vince Sullivan · May 13, 2024, 5:02 PM EDT

Insolvent cryptocurrency startup Terraform Labs has urged a Delaware bankruptcy court to let it continue to cover legal bills its employees incurred while responding to a government investigation for another six...

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Bankruptcy Scorecard

Summary

Open-source cryptocurrency software developer Terraform Labs filed for Chapter 11, saying it intends to continue operating as it deals with ongoing regulatory litigation brought by the U.S. Securities and Exchange Commission.

Case Number

1:24-bk-10070

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

between $100 million and $500 million

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Documents

Related Sections

Case Information

Case Title

Terraform Labs Pte. Ltd.

Case Number

1:24-bk-10070

Court

Delaware

Nature of Suit

Date Filed

January 21, 2024

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