Byju's hedge fund ally Morton seeks to keep lawyers as cash runs out

INSUBCONTINENT EXCLUSIVE:
Morton said he has less than $3,000 left in his personal and business accounts
After all sides have presented their final arguments in the case, possibly next month, the judge said he will decide whether to release the
In federal court, even when a client refuses to pay a lawyer, a judge must decide whether the attorney can quit. After the hearing, Morton
said his Miami-based Camshaft Fund has run out of cash and owes money to creditors
Camshaft Fund has some hard-to-sell assets that Morton said he is trying to avoid liquidating at fire-sale prices. Lenders are trying to
order to tap US capital markets
cash, which is at the heart of a dispute between US lenders and the startup founded in India by entrepreneur Byju Raveendran
District of Delaware (Wilmington).First Published: Aug 21 2024 | 7:55 AMIST