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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

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

National Law Journal

With Collections Push Underway, Some DC Law Firms Remain Optimistic About 2023 Profits

Still, other law firm leaders are expressing concerns to partners about meeting budget, according to area legal recruiters.
3 minute read

New York Law Journal

'He Was the One Who Directed Us': Caroline Ellison Takes Stand in Sam Bankman-Fried Trial

Ellison's turn on the witness stand immediately followed the testimony of FTX co-founder and chief technical officer Gary Wang, who has also pleaded guilty. Both are testifying under cooperation agreements with prosecutors.
3 minute read

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

The American Lawyer

This Litigation Funder Has Loaned Money To a Growing List of Troubled Firms

When Philadelphia-based Sacks Weston declared bankruptcy in August, it became the latest firm to do business with Virage Capital and then hit the skids.
11 minute read

Daily Report Online

JPMorgan Chase Sues Pars Transport Over Alleged Unpaid $183K Credit Line

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

New York Law Journal

Sam Bankman-Fried Attorney Presents Client as Well-Meaning 'Math Nerd' in Opening Statement

Defense attorney Mark S. Cohen said it's "not a crime to try to get Tom Brady to go on ads for your company," but federal prosecutors painted Bankman-Fried as a serial liar.
3 minute read

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

Daily Report Online

Fifth Third Bank Sues Customer for Alleged Nonpayment of $4K Credit Card Bill

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

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