Trustee feels Subpoena Request is Overboard in FTX Bankruptcy Case
It looks like the Department of Justice-appointed US Trustee in the FTX bankruptcy case has had enough. Fed up with what they consider an overly broad request for documents, they have objected to the subpoena request.
Objections to Subpoena
The Trustee’s objections include:
- The request is too broad: It covers a time period of 10 years, and it would require a massive effort to compile all the documents.
- The request would be redundant as some documents have already been provided to the other creditors.
- The request would require the production of documents that are unrelated to the bankruptcy case.
Trustee’s Request for More Information
Before the Trustee will comply, they have asked for more information, including:
- An explanation of the specific documents that the Trustee is being asked to produce.
- A more targeted time period for the document production.
- An explanation of why the documents are related to the bankruptcy case.
Subpoena Request is a gamble
It seems that the US Trustee is ready to gamble to avoid what they view as an overly broad document production request. Will the other creditors give in to the Trustee’s demands or will they fight back? We’ll have to wait and see!
In the words of seasoned observers, “It’s gonna be an interesting case!”
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