Public court records or announcements from involved parties

FTX Investors Voluntarily Dismiss Lawsuit Against Sullivan & Cromwell Over Lack of Evidence

Oct 10, 2024, 11:15 AM

FTX investors have voluntarily dismissed their proposed class-action lawsuit against the prominent U.S. law firm Sullivan & Cromwell. The investors informed a Miami federal court of their decision to drop the case, stating that the evidence "just isn't there." Lead counsel Adam Moskowitz indicated that he is pivoting to pursue other parties, the "real bad guys," potentially responsible for losses related to the collapse of FTX.