Author: ESPN staff

Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022 blockbuster collapse ‌and bankruptcy, on Friday said it will pay $54 million to ‌resolve claims from FTX customers who alleged the firm helped enable one of the ​largest financial frauds in U.S. history. • Silicon Valley-founded Fenwick, known for its ‌work for technology clients, was ⁠a lead outside law firm for FTX as the exchange rose to prominence as one of the largest ⁠crypto platforms in the world. Fenwick “helped to craft and implement strategies that facilitated FTX’s fraud,” plaintiffs alleged.Read More

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Banking trade groups are urging a Chicago federal judge to follow a U.S. regulator’s lead and confirm that Illinois’ forthcoming restrictions on swipe fees are broadly preempted, pressing to capitalize on new federal rules that the state’s attorney general says are “too little, too late.”Read More

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