Buyer Consortium Led by Recco Control Technology and Dazheng Group Responds to Hollysys' Update on Sale Process streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Reiterates All-Cash Offer of US$25 Per Share
Welcomes Formation of Special Committee to Lead Sale Process
Looks Forward to Discussions and Due Diligence Process
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FTX, the bankrupt crypto exchange, has filed a lawsuit against former employees of Salameda, a Hong Kong-incorporated entity affiliated with FTX, to recover about $157.3 million.
The lawsuit alleges that the withdrawal of funds by the defendants prior to the FTX bankruptcy filing on Nov. 11, 2022, was made with “intent to hinder, delay or defraud” present or future debtors of FTX US.