Montgomery McCracken Montgomery McCracken Replaces Cohen & Gresser as Bankman-Fried's Lawyers in SEC, CFTC Actions
The SEC and CFTC cases against Bankman-Fried have been stayed since February 2023 pending the conclusion of his criminal case. U.S. District Judge Kevin Castel is presiding over both cases.
March 13, 2024 at 05:37 PM
2 minute read
Cryptocurrency
Attorneys with the Philadelphia-founded firm Montgomery McCracken Walker & Rhoads on Tuesday entered their substitution as counsel for Sam Bankman-Fried in his civil cases involving the Securities and Exchange Commission and the Commodities Futures Trading Commission, replacing the New York-based firm Cohen & Gresser.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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