Voyager Creditors Take Issue With Immunity Plans for Execs in Bankruptcy Lawsuits
- Sale wrongly tied to shielding Voyager officers, creditors say
- Creditors argue that execs should be vulnerable to lawsuits
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Voyager Digital Ltd. creditors are taking issue with plans to provide the crypto lender’s directors and officers with immunity from lawsuits tied to its descent into bankruptcy.
The company’s pending sale to crypto exchange giant FTX appears to be conditioned on Voyager’s top executives being afforded “broad releases” from lawsuits, protecting those “principally responsible” for the firm’s financial problems, lawyers for Voyager’s official committee of unsecured creditors said in court papers filed Wednesday.