A group of investors has agreed to settle a civil lawsuit against former FTX CEO Sam Bankman Fried in exchange for cooperation in lawsuits against celebrities who promoted the platform.
In documents filed Friday, the investors asked a Miami court to approve the settlement, stating that Bankman Fried, basketball player Shaquille O’Neal, businesswoman Gisele Bündchen and football player Tom・He said he had valuable knowledge of the case against Mr. Brady and other defendants. There is a long list, including businessman Kevin O’Leary.
The document was signed by Bankman Fried, who was recently sentenced to 25 years in prison, and Adam Moskowitz, co-lead attorney on the class action lawsuit.First, Bloomberg report news.
According to the settlement document, “Class Counsel acknowledges that Defendant is currently incarcerated and that there are substantial limitations on permitted actions; however, under the circumstances, Defendant will cooperate as follows: “We must make reasonable efforts to do so.”
requested documents
The investors provided Bankman Freed with financial statements showing the assets they owned, all “non-privileged documents” in their possession related to their investment in Anthropic PBC, and “non-privileged information” regarding the list of companies. I’m asking you to hand it over. This includes people from the law firm Sullivan & Cromwell and celebrities.
FTX usage millions of He worked in marketing and advertising, signing contracts with celebrities and organizations such as MLB and the NBA’s Miami Heat franchise.
Then, in 2022, the exchange collapsed, leaving investors with a loss of $8 billion.
Bankman Freed was discovered guilty In November, a New York jury returned verdicts on all seven criminal counts of defrauding FTX’s customers, lenders, and investors.he was there declared At a hearing last month, his sentence was reduced to 25 years in prison.
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