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That is where STORJ settled on July 26 after a 19% decline, the same session Storj Labs filed voluntary Chapter 11 bankruptcy. The company cited legacy liabilities as the stated driver.
What the filing covers Storj Labs classified the Chapter 11 as voluntary. The disclosed objective is to resolve legacy liabilities through the bankruptcy process.
Chapter 11 allows a company to continue operating while it reorganizes its obligations under court oversight. The dollar value of those liabilities does not appear in the source.
Price action The 19% figure is the precise intraday move; the source headline rounds it to 20%. Anyone holding STORJ above $0.06 on July 26 absorbed that loss within the session.
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