Key Highlights LIV Golf has formally accused the DP World Tour in bankruptcy court of executing a “clear attempt to interfere” with its corporate reorganization by refusing membership to golfers competing on the rival circuit next season. During proceedings in the New Jersey Bankruptcy Court, Judge Michael B. Kaplan approved the rejection of 19 player ...
Key Highlights New York Attorney General Letitia James secured a settlement worth up to $35 million against former Celsius CEO Alex Mashinsky. Mashinsky faces a lifetime ban from operating in the securities, commodities, and cryptocurrency sectors in New York. The former executive is currently serving a 12-year federal prison sentence following guilty pleas for commodities ...
Key Highlights: A credit firm providing middle-market financing has agreed to fund the next phase of LIV Golf, facilitating a transition toward player equity ownership in the league and its teams. LIV Golf’s Chapter 11 bankruptcy filing reveals that 14 current and former players hold over $45 million in unsecured claims, with Jon Rahm topping ...