Former FTX Legal Advisor Fenwick & West Settles Lawsuit for $54M
Cointelegraph
Law firm Fenwick & West has agreed to pay $54 million to settle a class-action lawsuit alleging they facilitated FTX's fraudulent activities.Summary
Fenwick & West LLP, the law firm that formerly advised the collapsed cryptocurrency exchange FTX, has agreed to a $54 million settlement regarding a 2023 class-action lawsuit. Plaintiffs accused the firm of playing a crucial role in FTX's fraud by creating legal structures that obscured the commingling of customer funds between the exchange and its trading arm, Alameda Research. While the firm previously attempted to dismiss the case, the settlement remains subject to final approval by a U.S. judge.
(Source：Cointelegraph)