Lawyers for FTX class action are challenging Sullivan & Cromwell’s dismissal request, claiming the law firm facilitated FTX’s fraudulent activities.
FTX class action lawyers have filed a motion opposing Sullivan & Cromwell’s effort to dismiss the lawsuit against them. The plaintiffs claim that Sullivan & Cromwell went beyond standard legal practices to actively facilitate FTX’s fraudulent activities.
The law firm, also known as S&C, is overseeing the FTX bankruptcy proceedings and served as outside counsel to the exchange in several deals.
According to court documents filed on July 29, S&C lawyers “were eager to craft not only creative, but misleading strategies that furthered FTX’s misconduct.” The plaintiffs requested the court to deny S&C’s motion to dismiss, allowing the case to proceed to discovery and trial.
