FTX Trading Ltd.

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Case overview

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 03, 2024
Meet The Attys Aiding FTX At Its Ch. 11 Confirmation Hearing

Beleaguered crypto exchange FTX Trading Ltd. will seek a Delaware bankruptcy judge's approval Monday for the debtor's Chapter 11 plan after a bankruptcy process that has seen its counsel questioned, the legitimacy of its plan challenged and a bevy of disputes settled. At the hearing it will rely on the expertise of a legal team uniting lawyers from Landis Rath & Cobb LLP and Sullivan & Cromwell LLP.
October 01, 2024
FTX CEO Avoids Depo Before Ch. 11 Confirmation Hearing

FTX CEO John J. Ray III does not have to sit for a deposition requested by Virgin Islands-based LayerZero Labs Ltd. to answer questions about why it was not included in a Chapter 11 settlement with the debtor, a Delaware bankruptcy judge said Tuesday, as FTX pursues confirmation of its bankruptcy plan.
September 30, 2024
J&J Fights For Ch. 11 Venue, NY Diocese Settles For $323M

Johnson & Johnson and the Justice Department are set to face off in a dispute over whether the consumer products giant was justified in putting a talc unit into bankruptcy in Texas this month, after the U.S. Trustee's Office accused J&J of "forum-shopping" its third Chapter 11 filing.
September 26, 2024
FTX Strikes Deal With MDL Counsel For Ch. 11 Plan Support

FTX Trading Ltd. has asked a Delaware bankruptcy judge for permission to enact a settlement with plaintiffs and counsel it's facing in multidistrict litigation in Florida, saying the proposed deal would prevent potentially costly legal tussles and bring the plaintiffs on board to support FTX's Chapter 11 plan.
September 25, 2024
Sullivan & Cromwell Didn't Ignore FTX 'Red Flags,' Report Says

The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading determined Wednesday that debtor law firm Sullivan & Cromwell didn't ignore any "red flags" about FTX's misconduct related to a $500 million purchase of stock in financial service and digital trading platform Robinhood Markets Inc.
September 20, 2024
State Agencies Settle Securities Claims Against FTX

Defunct cryptocurrency exchange FTX has reached a settlement with agencies in five states that had asserted about $1.8 billion in claims against the debtor.
September 09, 2024
FTX To Pay $14M To Access $600M Robinhood Share Cashout

Defunct cryptocurrency exchange FTX Trading Ltd. has struck a $14 million deal that will let it access more than $600 million of cash and liquidated shares in Robinhood Markets Inc., in a settlement agreement with Sam Bankman-Fried-founded Emergent Fidelity Technologies Ltd.
September 03, 2024
Chapter 11 Check-In: FTX's $13B Bankruptcy

Almost two years after FTX entered bankruptcy in November 2022, the defunct cryptocurrency exchange is working toward securing confirmation of a Chapter 11 plan that would make swindled customers whole. It has also fought off a bid to disqualify its Sullivan & Cromwell legal team on the grounds that the law firm was conflicted by its prepetition representation of the company.
August 26, 2024
US Trustee Raises Release Concerns With FTX Ch. 11 Plan

The U.S. Trustee's Office has lodged an objection to FTX's Chapter 11 plan with 10 reasons why the proposed resolution for the mammoth crypto bankruptcy is flawed, including releases that are overbroad and don't carve out a high-profile data breach from their terms.
August 21, 2024
Top Bankruptcy Cases Of 2024: Midyear Report

Famous debtors, major U.S. Supreme Court rulings and "shocking" turnarounds have headlined an already busy 2024 in bankruptcy, and elevated interest rates are expected to continue pushing more companies to the brink this year, experts told Law360.

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