
John E Deaton|Jul 16, 2025 15:49
REGARDING LINQTO:
My office is getting inundated with emails from investors asking about the motion and deadline to file a response in the Linqto Bankruptcy.
Please understand, similar to the Ripple XRP case, my office cannot respond to each and every email. My failure to respond, is not meant to disrespectful. I just don’t have the manpower to respond to every email AND represent the clients of the Deaton Law Firm.
For example, I’ve received over 500 emails regarding Linqto in the last 3 weeks. I will hold livestreams through @CryptoLawUS and update folks when appropriate. Please pass this on to anyone invested on the Linqto platform.
For now:
1) I’m very aware of the recent motion filed by the Debtor (Linqto) to use proceeds from the unauthorized sale of Ripple shares by previous management.
2) I’m aware of the 21 day deadline to respond to that motion.
3) I’m aware of the August 5 hearing.
3) I’m assuming that a Creditors Committee will be established and a law firm hired to represent the Creditors Committee before the deadline and hearing.
4) If my assumption is incorrect, and no Creditors Committee is established, with counsel hired, before the deadline, I will file a response myself.
5) People are asking whether they should hire an attorney and/or respond to the motion individually. I cannot give you advice one way or the other as it is your funds/property/interests that are at stake and must decide for yourself.
All I can do is provide updates and explain the process. I have no idea whether I’ll be interviewed or invited by the Trustee to participate on the Creditors Committee or who might ultimately be chosen to serve on the Committee.
Once the Creditors Committee is established, the Committee will likely interview several law firms who specialize in representing Creditors Committees in Bankruptcy and vote on which firm to hire. That should alleviate any need to incur additional legal fees individually.
🙏, JD
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