Judge Natalie M. Cox stated that the bankruptcy proceeding was a "bad faith" tactic to shield Banq and its founder from investor lawsuits. She emphasized that this application was not about reorganization but rather about gaining an advantage over N9 in ongoing litigation.
N9's lawsuit argues that Jon Jiles failed his fiduciary duties to Banq, prioritizing his interests in Prime Trust. Their claims highlight how Jiles allegedly manipulated his control over Banq to benefit Prime Trust, contributing to the company's decline.
Collection
[
|
...
]