Three Arrows Liquidators Ask Court to Find Founder Kyle Davies in Contempt of Court and Penalty

Founder Kyle Davies should be held in contempt of court for failing to respond to a subpoena for information about the collapse of triple arrows, according to a court document filed Wednesday by the liquidators of bankrupt hedge fund triple arrows. The filing urges a New York court to fine Davies $10,000 per day for willfully ignoring previous requests, citing Davies' lavish lifestyle and the lucrative profits of running the company.

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