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U.S. Trustee moves for independent examiner in FTX bankruptcy

The Department of Justice's U.S. Trustee in the FTX bankruptcy case has moved for the court to appoint an independent examiner.

Why it matters: The examiner would likely produce a large and independent report from a perspective the trustee describes as a "true neutral." This is prudent as a means to unpack "what is likely the fastest big corporate failure in American history," Andrew R. Vara, the U.S. Trustee, wrote in his motion to Delaware's U.S. bankruptcy court.


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