{"id":7355,"date":"2024-06-18T13:01:54","date_gmt":"2024-06-18T17:01:54","guid":{"rendered":"https:\/\/www2.law.temple.edu\/voices\/?p=7355"},"modified":"2024-06-18T13:01:54","modified_gmt":"2024-06-18T17:01:54","slug":"why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold","status":"publish","type":"post","link":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/","title":{"rendered":"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold"},"content":{"rendered":"<p>As FTX creditors continue to voice concern about the role of Sullivan &amp; Cromwell in the company&#8217;s bankruptcy, Prof. Jonathan Lipson says the law firm &#8220;has done some really important and valuable things.&#8221; \u201cIt\u2019s also true that bankruptcy is all about spreading the pain. However, the right metric is if you had to maximize the value of this estate, what would you get? And there are, I think, legitimate questions about that.\u201d<\/p>\n<p><a href=\"https:\/\/americanceo.club\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As FTX creditors continue to voice concern about the role of Sullivan &amp; Cromwell in the company&#8217;s bankruptcy, Prof. Jonathan Lipson says the law firm &#8220;has done some really important and valuable things.&#8221; \u201cIt\u2019s also true that bankruptcy is all about spreading the pain. However, the right metric is if you had to maximize the value of this estate, what would you get? And there are, I think, legitimate questions about that.\u201d Read More<\/p>\n","protected":false},"author":20,"featured_media":7356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"audience":[],"coauthors":[35,1052],"class_list":["post-7355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faculty-in-the-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold - Voices at Temple<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold - Voices at Temple\" \/>\r\n<meta property=\"og:description\" content=\"As FTX creditors continue to voice concern about the role of Sullivan &amp; Cromwell in the company&#8217;s bankruptcy, Prof. Jonathan Lipson says the law firm &#8220;has done some really important and valuable things.&#8221; \u201cIt\u2019s also true that bankruptcy is all about spreading the pain. However, the right metric is if you had to maximize the value of this estate, what would you get? And there are, I think, legitimate questions about that.\u201d Read More\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Voices at Temple\" \/>\r\n<meta property=\"article:published_time\" content=\"2024-06-18T17:01:54+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"840\" \/>\r\n\t<meta property=\"og:image:height\" content=\"560\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Jonathan C. Lipson, Nicole Regis\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonathan C. Lipson, Nicole Regis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/\"},\"author\":{\"name\":\"Nicole Regis\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/#\\\/schema\\\/person\\\/40cdedd867c98fae0cb57440de866aa1\"},\"headline\":\"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold\",\"datePublished\":\"2024-06-18T17:01:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/\"},\"wordCount\":86,\"image\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/cms\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg\",\"articleSection\":[\"Faculty in the Media\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/\",\"url\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/\",\"name\":\"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold - Voices at Temple\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/cms\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg\",\"datePublished\":\"2024-06-18T17:01:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/#\\\/schema\\\/person\\\/40cdedd867c98fae0cb57440de866aa1\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/cms\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg\",\"contentUrl\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/cms\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg\",\"width\":840,\"height\":560},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/#website\",\"url\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/\",\"name\":\"Voices at Temple\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/#\\\/schema\\\/person\\\/40cdedd867c98fae0cb57440de866aa1\",\"name\":\"Nicole Regis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a704cd7da01b46fedfebff14050ad68ae3d0d990fc0f126c3939cf591b986bb2?s=96&d=mm&r=g933344a1555d061467bf04a72c1b5484\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a704cd7da01b46fedfebff14050ad68ae3d0d990fc0f126c3939cf591b986bb2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a704cd7da01b46fedfebff14050ad68ae3d0d990fc0f126c3939cf591b986bb2?s=96&d=mm&r=g\",\"caption\":\"Nicole Regis\"},\"url\":\"https:\\\/\\\/www2.law.temple.edu\\\/voices\\\/author\\\/tug13741\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold - Voices at Temple","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/","og_locale":"en_US","og_type":"article","og_title":"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold - Voices at Temple","og_description":"As FTX creditors continue to voice concern about the role of Sullivan &amp; Cromwell in the company&#8217;s bankruptcy, Prof. Jonathan Lipson says the law firm &#8220;has done some really important and valuable things.&#8221; \u201cIt\u2019s also true that bankruptcy is all about spreading the pain. However, the right metric is if you had to maximize the value of this estate, what would you get? And there are, I think, legitimate questions about that.\u201d Read More","og_url":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/","og_site_name":"Voices at Temple","article_published_time":"2024-06-18T17:01:54+00:00","og_image":[{"width":840,"height":560,"url":"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg","type":"image\/jpeg"}],"author":"Jonathan C. Lipson, Nicole Regis","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jonathan C. Lipson, Nicole Regis","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#article","isPartOf":{"@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/"},"author":{"name":"Nicole Regis","@id":"https:\/\/www2.law.temple.edu\/voices\/#\/schema\/person\/40cdedd867c98fae0cb57440de866aa1"},"headline":"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold","datePublished":"2024-06-18T17:01:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/"},"wordCount":86,"image":{"@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#primaryimage"},"thumbnailUrl":"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg","articleSection":["Faculty in the Media"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/","url":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/","name":"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold - Voices at Temple","isPartOf":{"@id":"https:\/\/www2.law.temple.edu\/voices\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#primaryimage"},"image":{"@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#primaryimage"},"thumbnailUrl":"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg","datePublished":"2024-06-18T17:01:54+00:00","author":{"@id":"https:\/\/www2.law.temple.edu\/voices\/#\/schema\/person\/40cdedd867c98fae0cb57440de866aa1"},"breadcrumb":{"@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#primaryimage","url":"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg","contentUrl":"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg","width":840,"height":560},{"@type":"BreadcrumbList","@id":"https:\/\/www2.law.temple.edu\/voices\/why-ftxs-generous-bankruptcy-payouts-still-leave-some-creditors-cold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www2.law.temple.edu\/voices\/"},{"@type":"ListItem","position":2,"name":"Why FTX\u2019s Generous Bankruptcy Payouts Still Leave Some Creditors Cold"}]},{"@type":"WebSite","@id":"https:\/\/www2.law.temple.edu\/voices\/#website","url":"https:\/\/www2.law.temple.edu\/voices\/","name":"Voices at Temple","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www2.law.temple.edu\/voices\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www2.law.temple.edu\/voices\/#\/schema\/person\/40cdedd867c98fae0cb57440de866aa1","name":"Nicole Regis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a704cd7da01b46fedfebff14050ad68ae3d0d990fc0f126c3939cf591b986bb2?s=96&d=mm&r=g933344a1555d061467bf04a72c1b5484","url":"https:\/\/secure.gravatar.com\/avatar\/a704cd7da01b46fedfebff14050ad68ae3d0d990fc0f126c3939cf591b986bb2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a704cd7da01b46fedfebff14050ad68ae3d0d990fc0f126c3939cf591b986bb2?s=96&d=mm&r=g","caption":"Nicole Regis"},"url":"https:\/\/www2.law.temple.edu\/voices\/author\/tug13741\/"}]}},"jetpack_featured_media_url":"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2024\/06\/06.10.2024_JonathanLipson_AmericanCEOClub.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/posts\/7355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/comments?post=7355"}],"version-history":[{"count":1,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/posts\/7355\/revisions"}],"predecessor-version":[{"id":7357,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/posts\/7355\/revisions\/7357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/media\/7356"}],"wp:attachment":[{"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/media?parent=7355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/categories?post=7355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/tags?post=7355"},{"taxonomy":"audience","embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/audience?post=7355"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www2.law.temple.edu\/voices\/wp-json\/wp\/v2\/coauthors?post=7355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}