In recent news, a federal judge in Florida, USA, is considering dismissing former NBA superstar Shaquille O’Neal and tennis player Naomi Osaka from the FTX lawsuit. The judge noted that it is unclear whether the two sports stars have been served and directed the plaintiffs to provide cause as to why O’Neal and Osaka should not be dismissed from the lawsuit. The judge gave FTX customers until December to show cause.

In another order issued March 9, U.S. District Judge Kevin Moore rebuked other famous defendants, including Tom Brady, Gisele Bündchen, Kevin O’Leary, David Ortiz, and Trevor Lawrence, for failing to follow proper procedure when applying a time extension for a scheduled event. conference. The judge clarified that the request should have come from the plaintiff’s side and directed the conference to proceed as scheduled, or for the plaintiff to request an extension of time to hold the conference.

As the cases against FTX continue to pile up, some plaintiffs have filed for consolidation of lawsuits against the bankrupt exchange. However, on March 8, US District Judge Jacqueline Corley denied the consolidation request, noting that the defendants have not yet been allowed to respond. This means that the lawsuits will proceed separately for now.

On the same day, attorneys representing former FTX CEO Sam Bankman-Fried noted that the criminal trial scheduled to begin in October 2023 may need to be delayed. While the attorneys did not formally request a date change, they noted that might be necessary. necessary because they are still waiting for evidence to be turned over, and Bankman-Fried racked up more charges in February.

The FTX lawsuit was brought by clients who claimed that the cryptocurrency exchange had engaged in illegal trading practices and market manipulation that caused them financial harm. FTX has denied the allegations and filed a motion to dismiss the lawsuit. The case is still ongoing, with multiple parties involved in the process.

Overall, the FTX lawsuit continues to be a complex and evolving legal matter, with multiple parties involved in the process. Recent developments highlight the need for due process and compliance with court orders, as well as the possibility of further delays in the criminal trial involving former FTX CEO Sam Bankman-Fried. It remains to be seen how the case will play out in the coming months.