A hedge fund manager affiliated with the embattled Indian tech firm Byju’s finds himself in a precarious financial situation, with only $3,000 remaining to fund his legal defense. This disclosure comes amid allegations that the manager, 27-year-old William Morton, assisted Byju’s in concealing $533 million from lenders. As Morton finds himself entangled in legal proceedings, he pleaded with a federal judge not to allow his lawyers to step down, emphasizing his inability to secure alternative legal counsel.
The case is being overseen by US Bankruptcy Judge John Dorsey in Wilmington and involves a Byju’s subsidiary that is now under the control of creditors owed $1.2 billion. Morton underscored his dire financial straits, expressing that he was in a “very awkward position.” The legal entanglements surrounding Byju’s and its associates are attracting significant attention, particularly as Morton navigates his defense without sufficient resources.
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