Sullivan & Cromwell offices in Manhattan, New York. Photo: Ryland West/ALM FTX Customers Double Down on Claims Against Sullivan & Cromwell
A Monday court filing opposing Sullivan & Cromwell's motion to dismiss reiterated claims that the law firm aided the fraud at FTX.
July 30, 2024 at 02:08 PM
3 minute read
What You Need to Know
- FTX customers suing Sullivan & Cromwell filed a motion opposing the law firm's motion to dismiss the class action lawsuit on Monday.
- The filing accuses Sullivan & Cromwell of deflecting blame toward Fenwick & West and overstating the true value of the firm's recovery for FTX customers.
- Sullivan & Cromwell has contended that it was unaware of the fraud as it worked on 20 prepetition matters for FTX before representing the company in bankruptcy as the debtor's counsel.
FTX customers aren't backing down from a class action lawsuit against Sullivan & Cromwell, according to a Monday court filing opposing the law firm's motion to dismiss.
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