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October 25, 2023 | New York Law Journal

'High-Risk, High-Reward': What to Expect as Sam Bankman-Fried Takes Witness Stand in FTX Fraud Trial

U.S. District Judge Lewis Kaplan of the Southern District of New York already demonstrated a willingness to question witnesses himself in the course of the first three weeks of the trial.
5 minute read
October 17, 2023 | New York Law Journal

A Cautionary Lesson for Boards When Faced With Shareholder Demands for Books and Records

Jeffrey Lang and Colin Bridge provide an in-depth discussion of 'Ontario Provincial Council of Carpenters' Pension Trust Fund v. Walton,' where the Delaware Court of Chancery provided a cautionary lesson for corporate boards and their counsel on the risks of sharply limiting the scope of responses to shareholder demands for information.
16 minute read
October 16, 2023 | New York Law Journal

US Judge Refuses to Adjourn Trial for Bankman-Fried to Obtain Meds to Aid in Focus

Bankman-Fried's lead defense counsel has raised concerns about his client's limited access to Adderall several times since Bankman-Fried was remanded to Brooklyn's Metropolitan Detention Center in August, saying he needs the medication to be able to meaningfully participate in the preparation of the defense case.
3 minute read
October 12, 2023 | New York Law Journal

Sam Bankman-Fried Jury Listens to Tape of Caroline Ellison Recorded During FTX, Alameda Collapse

A former Alameda Research software engineer testified that Ellison's nervous laughter, which was audible in the recording, was not unusual for the former cryptocurrency trading firm CEO.
5 minute read
October 11, 2023 | New York Law Journal

'The Worst Week of My Life': Alameda Research CEO Caroline Ellison Describes Collapse of FTX

The key government witness repeatedly referred to feeling a "constant state of dread" in the preceding months as she realized the extent of the wrongdoing at FTX and Alameda.
5 minute read
October 10, 2023 | Insurance Coverage Law Center

FTX Founder Sam Bankman-Fried Sues Insurer to Cover Defense Costs in New York Criminal Trial

According to a complaint filed in the Northern District of California federal court, an insurance company must pay for his legal defense "without regard to whether payments may exhaust the policy limit."
2 minute read
October 06, 2023 | New York Law Journal

FTX Co-Founder Testifies 'Special Privileges' for Alameda Led to $8 Billion Shortfall

On direct examination, FTX co-founder and chief technical officer Gary Wang testified at length about Alameda's "special privileges" on FTX. Bankman-Fried and Wang also owned Alameda.
4 minute read
October 03, 2023 | The Recorder

Sam Bankman-Fried Sues Insurer to Cover Defense Costs in New York Criminal Trial, Other Litigation

According to a complaint filed in the Northern District of California federal court, an insurance company must pay for his legal defense "without regard to whether payments may exhaust the policy limit."
3 minute read
September 29, 2023 | Law.com

CVS Caremark Hit With Antitrust Class Action for Allegedly Targeting Independent Pharmacies With Exorbitant 'DIR Fees'

This complaint was first surfaced by Law.com Radar.
5 minute read
September 28, 2023 | New York Law Journal

Bankman-Fried Trial Judge Orders FTX Founder to Stay in Federal Lockup

U.S. District Judge Lewis Kaplan found that the MDC has made "extraordinary accommodations" to allow Bankman-Fried to assist in his own defense from jail. He also said he was "wondering more" if the ex-crypto entrepreneur could be a flight risk.
3 minute read

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