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Firms Look To Drop Shareholder Client Sapien In Linqto Ch. 11

By Clara Geoghegan · September 18, 2025, 6:23 PM EDT

Lawyers for Sapien Group, a shareholder that has taken an active role in investment platform Linqto's Chapter 11 in Texas, have asked to withdraw from the case — saying their client...

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Bankruptcy Scorecard

Summary

A platform that promised to "democratize" private markets by connecting retail investors with pre-IPO startups and other privately held companies filed for bankruptcy to get required regulatory approvals, reshape its structure and work with regulators amid claims that it misled customers and flouted securities law.

Case Number

4:25-bk-90186

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$500 million to $1 billion

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Documents

Related Sections

Case Information

Case Title

Linqto Texas, LLC

Case Number

4:25-bk-90186

Court

Texas Southern

Nature of Suit

Date Filed

July 07, 2025

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