A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research. The suitaimsto hold Silvergate accountable for its alleged roles ...
FTX had pledgedto segregate customer accounts and instead allowed them to be misappropriated and therefore customers should be repaid first, according to the lawsuit filed in U.S. Bankruptcy Court in Delaware. "Customer class members should not have to stand in line along with secured or general...
It was emphasized that O’Neal is the only one among the “FTX celebrities,” which referred to the class-action lawsuit filed against several celebrities for endorsing FTX, includingTom Brady, Steph Curry and Larry David, who has not yet been served. ...
Bankman-Fried, 30, admitted that his lawyers had told him not to agree to interviews with journalists amid multiple investigations and pending lawsuits. “I think I have a duty to talk and to explain what happened,” he said. “I don’t see what good is accomplished by sitting in a room...
Meanwhile, celebrity boosters of FTX -- including Naomi Osaka, Shaquille O'Neal and Kevin O'Leary -- were sued in federal court in a class-action lawsuit alleging that false representations of a deceptive product were used to dupe vulnerable investors. "I had no knowledge, nor did any o...
Shaquille O'Neal cannot be served a summons electronically for aclass-action lawsuit brought against FTX founder Sam Bankman-Fried and a host of celebrity spokespeople, a Florida judge ruled Tuesday. The plaintiff's attorneys have unsuccessfully attempted to serve O'Neal in person for several months...
FTX filed for bankruptcy last month and a restructuring officer has taken charge of the company to manage the bankruptcy proceedings. The high-profile collapse of FTX led to congressional hearings and a class-action lawsuit from former investors....
Brady and Bündchen are among several celebrity endorsers of FTX who have been named as defendants in a proposed class-action lawsuit filed in Florida on behalf of FTX customers. Robert Kraft, the billionaire owner of Brady’s former team, the New England Patriots, also has significant exposure...
If the collapse has not totally subsumed Brady, he hasn't gotten out fully unscathed either. The pro athlete is among several celebrities being sued in a class action lawsuit alleging that they helped to promote the sale of unregistered securities in the form of yield-bearing FTX accounts. ...
First Read Hits & Takes John Lothian & JLN Staff A source close to the class action lawsuit of CME Group members against the exchange reported to me yesterday that Lance R. Goldberg, one of the original plaintiffs in the class action suit, has passed away... The criminal’s ‘go-to cr...