Kaplan Fox & Kilsheimer and Wites Law Firm filed a class action Tuesday in California Northern District Court against accounting firm Armanino LLP, former FTX founder Samuel Bankman-Fried and certain former FTX officers relating to accounts held by FTX and West Realm Shires Services. The suit was brought on behalf of individuals who have been unable to access or withdraw deposited funds from their accounts and contends that the defendants made false representations about how customer assets would be maintained and used. The suit also accuses the defendants of fraud, civil conspiracy and conversion. Counsel have not yet appeared for the defendants. The case is 3:23-cv-00024, Papadakis v. Bankman-Fried et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]