F-Squared On Its Way To Speedy Ch. 11 Sale

By Jamie Santo (July 9, 2015, 8:17 PM EDT) -- F-Squared Investments Inc. got the blessing of a Delaware bankruptcy judge on Thursday for a slate of first-day motions that lay the groundwork for the company to press ahead with its goal of a speedy stalking horse sale next month.

F-Squared, whose entry into Chapter 11 was spurred by a $35 million settlement with the U.S. Securities and Exchange Commission, received authorization from U.S. Bankruptcy Judge Laurie Selber Silverstein on Thursday to pay employee wages and maintain its current cash management system, as well as other traditional relief.

The company's Chapter 11 case and its first-day agenda are both a "little bit...

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