3AC founder KyleLDavies has two weeks to respond to a court-ordered subpoena pertaining to the books and records of the bankrupt hedge fund. By JamieCrawleyCD
Three Arrows Capital founder Kyle Davies has two weeks to respond to a subpoena pertaining to the books and records of the bankrupt hedge fund, according to a ruling in U.S. bankruptcy court.in proceedings for the firm's bankruptcy."[Davies and Zhu] have made only selective and piecemeal disclosures ... Refusal to cooperate violates their duties owed to Three Arrows," said the hedge fund's liquidators, Russell Crumpler and Christopher Farmer, in a court filing on Feb. 8.on Jan.
Today's ruling said the court had determined the service of the subpoena via Twitter"comported with the requirements and due process."on May 22. They will be found in contempt of court if they fail to reply to that demand, the court said this week.when its bullish trading strategy collapsed alongside the crypto bear market.
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