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FTX investors have voluntarily dismissed their proposed class action lawsuit against the prominent US law firm Sullivan & Cromwell. The investors had accused the firm of participating in FTX's multibillion-dollar fraud and subsequently enriching itself as its bankruptcy counsel. The decision to drop the lawsuit, which was filed in a Miami federal court, came after the lead counsel, Adam Moskowitz, reviewed the evidence and found insufficient grounds to proceed. The dismissal was made with prejudice, meaning the case cannot be refiled, and no settlement was involved.
FTX Investor Lawsuit Against S&C Dropped FTX investors have pulled the plug on their lawsuit against Sullivan & Cromwell, with zero settlement involved. Moskowitz Law Firm, after reviewing the evidence, found no solid ground to keep S&C in the crosshairs. This should… https://t.co/D8Hd9rNyH5
FTX Dropped Lawsuit Against Sullivan & Cromwell FTX investors just threw out their lawsuit against Sullivan & Cromwell - no settlement, no payout. They were pushing claims that S&C helped FTX with their shady moves, but apparently, there wasn’t enough proof to keep the case… https://t.co/uQsxpLGsqr
Sullivan & Cromwell was voluntarily dismissed with prejudice Thursday from the proposed class action lawsuit filed by FTX investors in the Southern District of Florida. See the details from reporter Dan Roe here: https://t.co/IGRp5afSTn https://t.co/uV5VyUlHGu
