Overview

• Fenwick filed a motion to dismiss in Florida federal court, responding to investors’ August 11 request to amend their complaint.
• The firm says there is no evidence it knew of wrongdoing and that it provided routine legal services, challenging plaintiffs’ use of testimony from Sam Bankman-Fried’s trial as misleading.
• Plaintiffs allege the firm gave substantial assistance by structuring entities and facilitating unregistered FTT token sales, citing testimony from Nishad Singh, Gary Wang, and Caroline Ellison.
• An independent bankruptcy examiner reported “exceptionally close relationships” between Fenwick and FTX leadership after reviewing hundreds of thousands of documents.
• Fenwick argues the allegations recycle theories previously abandoned against Sullivan & Cromwell, and the court will now decide whether to allow the amendment and let the claims proceed.