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Former FTX chief lawyer claims US legal counsel channeled business to S&C

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A former regulatory officer for FTX has made some hefty allegations against the law firm representing FTX which one observer said could potentially have “blown the top of this bankruptcy case.”

A former FTX chief lawyer has accused the company's US general counsel of channeling business to Sullivan & Cromwell — the firm currently serving FTX as bankruptcy counsel.

In the declaration, Friedberg alleges that FTX.US lead counsel Ryne Miller, a former partner at S&C channeled business towards his former law firm across numerous cases, with Friedberg stating: Friedberg claims in the filing that he reminded Miller that his “allegiance” was to the debtor and not to S&C which he suggested “continued to be a problem throughout his work” at FTX.

 

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