According to news on June 15, court documents submitted by the hedge fund estate management agency reported that Kyle Davies, the founder of Three Arrows Capital (3AC), should be found in contempt of court because he did not respond to a subpoena for information about the collapse of 3AC. 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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