class action lawsuit has continued to grind through its various steps since the January 30 hearing laid out the timetable for the CME to make its case to decertify the class action status and to exclude the expert testimony of Dr. Jonathan Arnold. The judge has also outlined the schedule ...
According to activist and FTX creditor Sunil Kuvari, a number of FTX victims are taking part in class action litigation against law firms Sullivan and Cromwell and Fenwick and West for allegedly aiding and abetting the massive digital asset fraud. ...
In an effort to avoid litigation, FTX, along with its official committee of unsecured creditors, asked Dorsey for permission to keep the names of individual customers and addresses of institutional customers secret only for the next six months, subject to their rights to seek an extension. "The...
Plan Would Resolve Disputes with Governmental and PrivateStakeholders without Costly and Protracted Litigation WILMINGTON, Del.,May 7, 2024/PRNewswire/ -- 17 months after filing for chapter 11 in the District ofDelaware, FTX Trading Ltd. (d.b.a. FTX.com) and its affiliated debtors ("FTX" or...
The litigation, filed in Miami, has cast a spotlight on the important role that high-profile athletes, actors and other entertainers played in promoting FTX. Although somelegal expertsthink it will be tough to prove liability, the federal case is forcing a reexamination of how celebrities have ...
“We expect significant near-term noise, potentially creating share price volatility, related to PPA adjustments, restructuring, markdowns, litigation,” JPMorgan analysts Kian Abouhossein and Amit Ranjan write in a June 22 research note. /jlne.ws/43W7itj Credit Suisse to appeal Bermuda court ...
Reactions "Although this is a predictable next step, Bankman-Fried's arrest represents a remarkable fall from grace. In taking this action, the US has asserted its primacy in the FTX saga in the old fashioned way they know best," Richard Cannon, partner at Stokoe Partnership Solicitors, said...
Future recoveries for customers and non-customers will depend on many variables, including the resolution of tax and governmental claims, the FTX team's on-going asset recovery efforts, the results of avoidance action and other litigation, the claims allowance process, the extent to which...
Federal prosecutors had requested earlier in December that the judge postpone the SEC case due to considerable overlap with their criminal litigation. They argued that postponing the civil case would “preserve the integrity” of the prosecution by preventing the defendants from seeing ...
Third-party funding of civil litigation caught on in the UK and some European countries in the 2000s. Gradual acceptance in the US helped turn the field known as litigation finance, or “lit finance,” into a multibillion-dollar industry, spawning a niche asset class that’s drawn in ...