Let’s enjoy this FTX bankruptcy filing together
by Elizabeth Lopatto from The Verge - All Posts on (#65YF5)
Illustration: The Verge The thing that's under-appreciated about lawyers - largely because they are so annoying - is that they are also writers and often talented ones. And so, in the spirit of literary appreciation, let's all do a close read of the absolute banger filed today by John J. Ray III in the FTX bankruptcy case.
Who's Ray? He's the guy running FTX now, and in the filing, he writes:
I have over 40 years of legal and restructuring experience. I have been the Chief Restructuring Officer or Chief Executive Officer in several of the largest corporate failures in history. I have supervised situations involving allegations of criminal activity and malfeasance (Enron). I have supervised situations involving novel financial structures (Enron and Residential...