Credit: jiris/Adobe Stock Litigator of the Week Runners-Up and Shout-Outs
Runners-up this week include litigators from Sullivan & Cromwell, MoloLamken and Wilkinson Stekloff.
October 11, 2024 at 07:25 AM
6 minute read
Litigators
First up is a team at Sullivan & Cromwell led by Brian Glueckstein that won approval for the Chapter 11 reorganization plan of cryptocurrency platform FTX Trading Ltd. After a five-hour evidentiary hearing, U.S. Bankruptcy Judge John Dorsey in Delaware this week signed off on the plan to use as much as $16.5 billion recovered since the exchange's collapse to pay customers at least 118% of the value in their accounts as of the November 2022 bankruptcy filing. The judge called this a "model case for how to deal with a very complex Chapter 11 bankruptcy proceeding." The Sullivan & Cromwell team included restructuring partners Andy Dietderich, Jim Bromley, Alexa Kranzley and the largest group ever assembled at the firm to handle a single matter.
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