(l-r) U.S. District Judge Michael Moore of the Southern District of Florida, U.S. Chief Bankruptcy Judge John Dorsey of the District of Delaware, and U.S. District Judge Lewis Kaplan of the Southern District of New York. Courtesy photos MDL Judge Faces Ruling on Who Should Be in Charge of Claims by FTX Customers
In a response to three questions posed by the federal district court in Miami, Adam Moskowitz, managing partner at the Moskowitz Law Firm, announced on Thursday that all FTX victims may actually be made "whole" in the multidistrict litigation.
August 01, 2024 at 11:57 PM
5 minute read
Cryptocurrency
What You Need to Know
- Three judges have found themselves in a complicated jurisdictional fight.
- Co-counsel for the class in the multidistrict litigation cases are pitted against the FTX bankruptcy lawyers.
- At issue is $11 billion in forfeiture to the victims of Sam Bankman-Fried's criminal actions.
Co-lead counsel at Boies Schiller Flexner and the Moskowitz Law Firm filed motions Thursday, announcing that all victims of the FTX collapse may actually be made "whole" in the multidistrict litigation cases and asking a federal district court in Miami to order FTX Trading Ltd. to stop pursuing a determination that the claims in the MDL are part of the bankruptcy estate.
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