Banq, which filed for bankruptcy last year, was dismissed by a US judge who said the filing was to protect the company and its executives from ongoing litigation by creditors. Banq and its chairperson, Jon Jiles, were sued by creditor N9, accusing Jiles of failing to meet his fiduciary duties. Judge Natalie M. Cox, who heard the case, called the bank's filing a "malicious" strategy to "gain an advantage in pending litigation" rather than restructure. In his ruling, Judge Cox wrote that the bankr...