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$MMAT / $TRCH / $MMTLP In re Meta Materials Inc. U.S. Bankruptcy Court — District of Nevada Case No. 24-50792-gs (Chapter 7) Filed May 6, 2026 — Doc 2766 “Trustee Lovato’s Report In Response To Order On Motion To File Under Seal” 🚨 Major development in the Meta Materials bankruptcy litigation strategy. Chapter 7 Trustee Christina Lovato disclosed that: 👉 Parabellum has withdrawn its litigation funding arrangement. 👉 The Trustee will now move forward using a pure contingency fee structure with the law firms instead. 👉 The firms will advance costs and expenses themselves and be repaid first out of any recovery. The filing specifically states: “This arrangement will significantly enhance any recovery to the Meta Estate from successful resolution of securities related litigation pursued by the Trustee.” That language is extremely notable because it strongly signals: ⚖️ The Trustee still intends to aggressively pursue the underlying securities-related claims/investigation. ⚖️ The litigation effort is continuing — just under a different financial structure. ⚖️ Multiple major law firms are apparently willing to take this on contingency, meaning they only get paid if there is a recovery. ⚖️ The Trustee appears to believe the claims are substantial enough to proceed without outside litigation funding. The filing also confirms: • The motion to seal will be withdrawn • The Trustee provided an unredacted copy of the materials to the U.S. Trustee’s office • An amended application to employ counsel will be filed The law firms identified include: • Christian Attar • Kasowitz Torres & Benson • Schneider Wallace Cottrell & Konecky This comes one day before the May 7, 2026 hearing. ⚠️ Not Legal Advice


$GDC 👀gets non binding offer of 10.75 Will be interesting to see if this impacts other crypto treasury plays trading at steep discount to their crypto NAVs GDC's was very steep but most others have close to the same discount









