on Jan. 17 arguing that Sullivan & Cromwell had been integral in taking control over the “dumpster fire” that was handed to him.to the retention of the law firm on Jan. 14 by U.S. Trustee Andrew Vara, who claimed that Sullivan & Cromwell had failed to sufficiently disclose its connections and prior work for FTX.
FTX’s special counsel Landis Rath & Cobb spent much of its working hours attending court hearings and litigation procedures. For its efforts, the firm billed the FTX administrators $684,000 including expenses. Between the three law firms, over 180 lawyers and over 50 non-lawyer staff worked on the case, most of who came from Sullivan & Cromwell.$2.1 million for January. Almost half of the firm’s hours were spent on forensic analysis of decentralized finance products and tokens in FTX’s possession.for $12.5 million for over 17,100 hours it committed to avoidance actions, financial analysis and accounting procedures.
A breakdown of Alvarez & Marsal’s monthly fee statement by project, hours and fees for the month of January: Source:
Looks like I picked the wrong profession
FTX_Official it only needs a few mentally ill people for all of you to let that backfire so hard that you will regret having taken this job, good luck scammers
FTX_Official you are all pathetic scammers robbing people that already were robbed, shame on every single one of you
FTXRELOADED just restart FTX asap FTXREBOOT
Damn, if thats affordable, then imagine the big lawyers lol they must be rich by now.
The scam continues
The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal.
These lawyers are going to drag this out as long as humanly possible
Todays pump was just a beginning One must completely immerse into the realm of belief and diamond hands TheOnigiriNeko OnigiriNeko Onigi $ONIGI GioCzar CryptoBoy55555 JakeGagain NFT MINT - MARCH 8, 2023 MINT PRICE - 0.05ETH PUBLIC SALE - 1000/1111 NFTs
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »