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The second batch of class action settlement amounts for FTX is approximately $66.17 million, with Fenwick & West agreeing to pay.

MeNews
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ME News Report, May 24 (UTC+8), court documents show that Fenwick & West, the Silicon Valley law firm that served as the primary external legal counsel for the FTX US exchange before its collapse in 2022, has agreed to pay $54 million to settle allegations of assisting Sam Bankman-Fried in committing fraud. The settlement agreement is part of the second batch of FTX settlement agreements, which also include audit firm Prager Metis paying $11.75 million and former NBA player Udonis Haslem paying $420k. The total settlement amount for the second batch of FTX class-action lawsuits is approximately $66.17 million. (Source: ODAILY)
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DaoEntranceSecurityGuard
· 7h ago
What's the deal with Haslem's 420k? Even NBA stars have made mistakes.
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Low-PolyFloatingEarth
· 12h ago
The law firm paying the settlement counts as a de facto admission, right?
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StargazingWithAMirroredSphere
· 13h ago
The mess left by SBF is now forcing professional service firms to pay the price.
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SymbolsInTheReflection
· 13h ago
$420k might be a small amount for Haslem, but what about the loss of reputation?
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AirdropTaxPanic
· 13h ago
66.17 million sounds like a lot, but compared to FTX's total losses, it's just a drop in the bucket.
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BudgetDeFi
· 13h ago
54 million settlement, much cheaper than continuing to fight.
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DewdropSapling
· 13h ago
From SBF to service organizations, the dominoes fall one after another.
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TidalShell
· 13h ago
Even top-tier law firms like Fenwick have fallen, who will dare to take on crypto clients in the future?
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DaoSidekick
· 13h ago
How much creditors of FTX US can receive, that is the key.
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GaslightGuardian
· 13h ago
It's the second batch; who is in the third batch?
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