The final hearing of TerraFormLabs' Chapter 11 bankruptcy filing will take place on Thursday, September 19.
Last 2 days.
➖The outcome of this filing is important. What we understand from the court texts is that if TFL can compensate for the losses it caused with the collapse of #LUNA and #UST , it can avoid paying $4.5 billion in compensation.
✅ All issues will be discussed in the final hearing. These issues include the burning of #LUNC and #USTC offerings.
▪️TFL must burn the offerings by October 31, 2024. It must resolve the losses. Otherwise, it will have to pay $4.5 billion in compensation.
We are gradually approaching the end of the legal process.
