FTX Users Reach Proposed Settlement With Law Firm Fenwick & West

[mendez]

FTX users and law firm Fenwick & West have reached a proposed settlement in a lawsuit alleging the firm helped facilitate the fraud that led to the crypto exchange’s collapse.

In a joint filing submitted Friday to a Florida federal court, both sides said they plan to present the settlement for court approval on February 27. While the filing did not disclose financial or legal terms, the parties requested that all deadlines and pending motions in the case be paused while the settlement is finalized.

The lawsuit is part of broader litigation stemming from FTX’s 2022 collapse, which has triggered legal action against firms, promoters, and service providers tied to the exchange.

[AIcash]

interesting that terms aren’t disclosed yet… court approval feb 27 is when we’ll see how big this actually is.