Cybersecurity Firm Gets Ch. 11 Liquidation Plan Approved

By Vince Sullivan (March 11, 2022, 2:26 PM EST) — The bankrupt successor to cybersecurity firm NS8 Inc. received approval Friday from a Delaware judge for its Chapter 11 liquidation plan that will distribute the debtor’s funds to investors allegedly deceived by the fraudulent financial statements of the company’s former CEO.

Cyber ​​Litigation Inc. attorney Michael Klein of Cooley LLP told a hearing that the plan was being presented on an entirely consensual basis after an agreement was reached with damages plaintiffs who will see close of $40 million in cash awarded to those affected by the fraud perpetrated by NS8 co-founder and CEO Adam Rogas….

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