A decide within the chapter case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a movement that will have held co-founder Kyle Davies in contempt of courtroom and imposed sanctions.
In an Aug. 11 submitting with america Chapter Court docket for the Southern District of New York, Choose Martin Glenn stated rulings on motions relating to a subpoena issued to Davies through X — previously Twitter — have been thought-about with out the information the 3AC co-founder was a non-U.S. citizen residing outdoors the nation. He cited federal legal guidelines for compelling compliance outdoors the U.S., including that his approval of motions beginning in December 2022 “presumed based mostly on the document at the moment that Mr. Davies was a United States citizen.”
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