US Coverage

Law360 Authority | Deep News & Analysis

Global Coverage

Law360 Pulse | The Business of Law

Mealeys

MLex

FTX Trading Ltd.

Track this case

Case overview

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. September 30, 2024

    J&J Fights For Ch. 11 Venue, NY Diocese Settles For $323M

    Johnson & Johnson and the Justice Department are set to face off in a dispute over whether the consumer products giant was justified in putting a talc unit into bankruptcy in Texas this month, after the U.S. Trustee's Office accused J&J of "forum-shopping" its third Chapter 11 filing.

  2. September 26, 2024

    FTX Strikes Deal With MDL Counsel For Ch. 11 Plan Support

    FTX Trading Ltd. has asked a Delaware bankruptcy judge for permission to enact a settlement with plaintiffs and counsel it's facing in multidistrict litigation in Florida, saying the proposed deal would prevent potentially costly legal tussles and bring the plaintiffs on board to support FTX's Chapter 11 plan.

  3. September 25, 2024

    Sullivan & Cromwell Didn't Ignore FTX 'Red Flags,' Report Says

    The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading determined Wednesday that debtor law firm Sullivan & Cromwell didn't ignore any "red flags" about FTX's misconduct related to a $500 million purchase of stock in financial service and digital trading platform Robinhood Markets Inc.

  4. September 20, 2024

    State Agencies Settle Securities Claims Against FTX

    Defunct cryptocurrency exchange FTX has reached a settlement with agencies in five states that had asserted about $1.8 billion in claims against the debtor.

  5. September 09, 2024

    FTX To Pay $14M To Access $600M Robinhood Share Cashout

    Defunct cryptocurrency exchange FTX Trading Ltd. has struck a $14 million deal that will let it access more than $600 million of cash and liquidated shares in Robinhood Markets Inc., in a settlement agreement with Sam Bankman-Fried-founded Emergent Fidelity Technologies Ltd.

  6. September 03, 2024

    Chapter 11 Check-In: FTX's $13B Bankruptcy

    Almost two years after FTX entered bankruptcy in November 2022, the defunct cryptocurrency exchange is working toward securing confirmation of a Chapter 11 plan that would make swindled customers whole. It has also fought off a bid to disqualify its Sullivan & Cromwell legal team on the grounds that the law firm was conflicted by its prepetition representation of the company.

  7. August 26, 2024

    US Trustee Raises Release Concerns With FTX Ch. 11 Plan

    The U.S. Trustee's Office has lodged an objection to FTX's Chapter 11 plan with 10 reasons why the proposed resolution for the mammoth crypto bankruptcy is flawed, including releases that are overbroad and don't carve out a high-profile data breach from their terms.

  8. August 21, 2024

    Top Bankruptcy Cases Of 2024: Midyear Report

    Famous debtors, major U.S. Supreme Court rulings and "shocking" turnarounds have headlined an already busy 2024 in bankruptcy, and elevated interest rates are expected to continue pushing more companies to the brink this year, experts told Law360.

  9. August 19, 2024

    FTX Sees Push For Disputed Claim Reserve In Ch. 11 Plan

    The litigation administrator for the Celsius Network Chapter 11 plan and the liquidators of Three Arrows Capital have asked a Delaware bankruptcy court to reject FTX's Chapter 11 plan, unless it reserves funds for disputed claims, as part of a stream of objections filed against the onetime cryptocurrency exchange giant's reorganization proposal.

  10. August 01, 2024

    FTX's Ch. 11 Plan Sweetens Crypto Creditor Claim Market

    A byproduct of the collapse of large cryptocurrency businesses — their bankruptcy claim market — has developed as an unlikely source of security and a rare positive outcome in the fallout from the so-called crypto winter, partly reflected in BlockFi's sale of roughly $875 million in allowed claims against FTX.