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Movement Labs files for bankruptcy amid founder dispute

Movement Labs’ filing lists assets between $100,001 and $500,000 and liabilities up to $10 million, with a $1.6 million claim tied to an ousted founder.

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Movement Labs has filed for bankruptcy, The Block reports, with the case filed earlier this month.

In its bankruptcy filing, the company reported assets between $100,001 and $500,000 and liabilities of up to $10 million, according to The Block.

The filing also highlights a $1.6 million claim that tops the matter, tied to an ousted founder.

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