The plaintiffs filed the lawsuit in 2023, accusing the law firm of playing “a key and crucial role” in “how the FTX fraud was accomplished.”
FTX users and Fenwick & West have reached a proposed settlement over a 2023 lawsuit alleging the law firm helped carry out the fraud that led to the crypto exchange’s collapse over three years ago.
Fenwick and lawyers representing FTX users said in a joint filing to a Florida federal court on Friday that they plan to lodge the proposed settlement with the court for its approval on Feb. 27.
The filing did not disclose the specific terms of the settlement, but both parties asked the court to pause all deadlines and pending motions in the class-action lawsuit ahead of the settlement filing.
