Celsius Network LLC – Cryptocurrency P2P Lending Platform Files a Plan of Reorganization; Balks at Filing “Voluminous” Disclosure Statement in Favor of “Statement Regarding Plan Process” That Preps Crypto Stakeholders for Anticipated Recoveries
March 31, 2023 – The Debtors filed a Chapter 11 Plan of Reorganization [Docket No. 2358] and an accompanying "Statement Regarding Plan Process" (the "Statement") drafted by Debtors' counsel, Kirkland & Ellis LLP ("Kirkland") [Docket Nos. 2358 and 2359, respectively]. Filing of a "voluminous" Disclosure Statement is to be deferred for now in favor of…