Terraform Says Impending SEC Fine Proves It's In Distress <https://www.law360.com/capitalmarkets/articles/1792061?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-02-01&read_main=1&nlsidx=0&nlaidx=3>
By Alex Wittenberg Cryptocurrency company Terraform Labs told a Delaware bankruptcy judge on Wednesday the mere fact it could face a ruinous U.S. Securities and Exchange Commission fine in the future justifies Chapter 11 protection today, arguing a recent judgment in favor of the regulatory agency attests to its financial distress. Read full article » <https://www.law360.com/capitalmarkets/articles/1792061?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-02-01&read_more=1&nlsidx=0&nlaidx=3> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1792061?nl_pk=abe82add-2a33-4388-8f7e-63d76e8f5534&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2024-02-01&read_later=1&nlsidx=0&nlaidx=3>
