OpenWeb trustee asks court to halt lender collections as payments strain mounts

First reported by CTech at · Updated · 2 sources

OpenWeb's trustee, Ehud Gindes, is seeking a halt to collections by lender Liquidity Capital, which has collected $9.6 million against a debt of roughly $20 million. Employees, suppliers and publisher partners face the risk of delayed payments. Investors including Insight Partners and Georgian are weighing fresh funding, according to CTech.

  • Liquidity Capital has collected $9.6 million so far.
  • RuntimeWire says rescue funding has stalled.
  • Publisher partners are also at risk of delayed payments.

Covered by 2 publishers within 3 hours of the first report.

Reporting2

CTech OpenWeb struggles to pay employees and suppliers as rescue hangs in the balance
RuntimeWire OpenWeb asks court to halt lender collections as rescue funding stalls · RuntimeWire Staff