FTX Judge Backs Firm’s Lawyers, Rejects Last Minute ‘Rumors’
- Sullivan & Cromwell attacked by FTX founder, former lawyer
- Judge refuses to let former lawyer make last-minute claims
Photographer: Leon Neal/Getty Images
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The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”
US Bankruptcy Judge John Dorsey approved what is normally a routine request to hire a law firm — in this case, Sullivan & Cromwell, whose lawyers have handled some of the biggest insolvency cases filed in recent years.