Fenwick has asked a federal judge to toss a lawsuit alleging it played a role in FTX’s fraud, saying its work for the crypto exchange amounted to “routine” legal services.
Fenwick’s alleged services can be reduced to “three basic acts,” the Gibson Dunn team, led by partner Kevin Rosen, argued—employing lawyers that eventually left Fenwick to join FTX; forming corporations that Bankman-Fried used to perpetrate fraud; and advising FTX on regulatory compliance as it pertained to crypto trading.
“A lawyer’s representation of a client and knowledge of their employees does not make them omniscient as to the client’s inner workings,” the motion said.
‘Enforcement 40’ for 2020
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