In brief
- Fenwick & West moves to dismiss lawsuit alleging the law firm aided FTX’s multi-billion dollar fraud, arguing it had no knowledge of wrongdoing.
- Firm claims it only provided “routine and lawful legal services” despite bankruptcy examiner finding “exceptionally close relationships” with FTX leadership.
- Lawyers argue plaintiffs are recycling allegations from a dismissed case against another FTX advisor, Sullivan & Cromwell, without proving fraud knowledge.
Former FTX legal advisors, Fenwick & West have moved to dismiss a lawsuit that alleges the firm played a key role in the mutli-billion dollar collapse of the exchange.
The firm wrote that after two years of litigation, the plaintiffs have yet to prove that Fenwick & West knew its client was committing fraud.
The lawsuit, filed in 2023, names many defendants who investors allege had knowledge of FTX’s fraud. It includes crypto exchange Binance, the Federal Deposit Insurance Corporation, super model Gisele Bundchen and her ex-husband and NFL star Tom Brady, the NBA’s Golden State Warriors, ven
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Author: Stacy Elliott
