A court-appointed examiner requested up to $3 million to investigate the law firm's role in advising Sam Bankman-Fried on his purchase of Robinhood shares, as well as two other issues.
June 13, 2024 at 03:48 PM
3 minute read
Reporter
The original version of this story was published on The American Lawyer
Sullivan & Cromwell may face further inquiry into its prepetition work for FTX, the fraudulent cryptocurrency exchange that the law firm is now representing as debtor counsel in the U.S. Bankruptcy Court for the District of Delaware.
Examiner Robert Cleary of Patterson Belknap Webb & Tyler recommended that he be authorized to undertake three additional investigations into the collapse of FTX, according to a motion he filed in court this week.
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