Voyager Digital won’t sue its executives for incompetence, will claim insurance on them By Cointelegraph
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Voyager Digital won’t sue its executives for incompetence, will claim insurance on themVoyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued.
The court filing describes the due diligence process for the 3AC loan:
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Voyager Digital won’t sue its executives for incompetence, will claim insurance on themVoyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued.
The court filing describes the due diligence process for the 3AC loan:
Continue Reading on Coin Telegraph
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