Linqto Chapter 11 Case To Remain In Texas
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Audio By Carbonatix
8:47 PM on Wednesday, August 6
The Associated Press
HOUSTON, TX--(BUSINESS WIRE)--Aug 6, 2025--
Linqto announced today that its voluntary Chapter 11 bankruptcy case will remain in the U.S. Bankruptcy Court in the Southern District of Texas. Judge Alfredo R. Perez rejected Interested Party Sapien Group USA, LLC’s motion to move venue to Delaware, stating that Linqto filing in Texas complied with U.S. Bankruptcy law.
“Today’s ruling is a win for Linqto’s customers and other creditors,” said Samuel Schwartz, lawyer for Linqto and partner at Schwartz PLLC. “Remaining in Texas will allow for an expedited recovery for creditors and be the most cost-effective approach. We look forward to working with the unsecured creditors committee and all the stakeholders to develop a plan of reorganization and a successful exit from bankruptcy.”
Among the voices in support of the need to keep the case in Texas was the unsecured creditors committee which pointed to the significant work that had already been done in this case.
About Linqto
Linqto is a global investing platform designed to give accredited investors indirect access to investments in private companies and unicorns. Linqto’s platform has provided customers with access to a range of pre-IPO companies with an approximate value in excess of $500 million. For more details, visit www.linqto.com.
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KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: FINTECH ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Linqto
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PUB: 08/06/2025 08:47 PM/DISC: 08/06/2025 08:46 PM
http://www.businesswire.com/news/home/20250806086269/en
