Pashman Stein Walder Hayden P.C.’s Bankruptcy Practice Mentioned in Law360, “Three Arrows Beats FTX to Get $1.5B Bankruptcy Claim”
John W. Weiss, Joseph C. Barsalona II, David Stratton and Alexis R. Gambale, attorneys in the Bankruptcy, Restructuring & Creditors’ Rights practice at Pashman Stein Walder Hayden P.C. were involved in the matter mentioned in a Law360 article titled, “Three Arrows Beats FTX To Get $1.5B Bankruptcy Claim.” Pashman Stein serves as co-counsel, together with Latham & Watkins LLP, for the liquidating trustees of Three Arrows Capital (3AC). The article discusses a Delaware bankruptcy Judge’s ruling in favor of the liquidators of 3AC, allowing them to amend their initial $120 million claim against FTX Trading Ltd. to $1.53 billion, over FTX’s related objections. Judge John T. Dorsey determined that the liquidators were entitled to amend their original proof of claim, after the related bar date had passed in FTX’s bankruptcy cases, because 3AC lacked critical information about 3AC’s holdings on FTX’s platform at the time the original claim was filed. Judge Dorsey further noted that FTX itself contributed to the delay by waiting almost a year to share information necessary for 3AC to fully understand the potential claim.
3AC liquidators Russell Crumpler and Christopher Farmer are represented by John W. Weiss, Joseph C. Barsalona II, David Stratton and Alexis R. Gambale of Pashman Stein Walder Hayden P.C. and Christopher Harris, Adam J. Goldberg, Nacif Taousse and Tiffany M. Ikeda of Latham & Watkins LLP.
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