Chancery OKs TRO In Marshall Wace-Lukka Financing Battle

By Jeff Montgomery ( September 24, 2025, 5:36 PM EDT) -- Affiliates of British hedge fund Marshall Wace LLP won a Delaware Court of Chancery temporary restraining order Wednesday barring crypto data provider Lukka Inc. from completing, pending trial, a new "cram-down, pay-to-play" convertible note financing that would supersede current liquidation preferences and voting rights currently more favorable to MW's Lukka stake....

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