Fenwick & West Says It Knew Nothing About Alleged FTX Fraud

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.

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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.

Source: Fenwick & West Says It Knew Nothing About Alleged FTX Fraud (1)