Source: blockchain.news
One of the lawyers defending debtors in the FTX bankruptcy case, James Bromley, has denounced social media behavior against his law practice that was fueled by tweets from former FTX CEO Sam Bankman-Fried. Bromley’s comments were made on Twitter.
At a hearing held on January 20 in the District of Delaware, the attorneys discussed potential conflicts of interest between Sullivan & Cromwell, the law firm investigating the FTX bankruptcy, and the cryptocurrency exchange. The attorneys discussed motions related to potential conflicts of interest.
Bromley, a partner at Sullivan & Cromwell, rejected the narrative that the law firm could not act as a disinterested examiner given that it had previously provided legal services to FTX and one of its former partners, Ryne Miller, went on to become lead counsel. from FTX US. Bromley was responding to a claim that the law firm could not act as an impartial examiner due to the fact that he had previously provided legal services to
On January 19, former FTX regulatory director Daniel Friedberg filed a plea with the court, alleging that Miller wanted to push the business to Sullivan & Cromwell, claiming that he wanted to become a partner in the firm after the conclusion of the case of bankruptcy. Friedberg’s statement alleged that Miller wanted to boost Sullivan & Cromwell’s business.
Bromley argued in court that the debtors would be subject to “further Twitter attacks” and other similar filings if the judge granted a stay based on these claims. He said this would likely result in the case being delayed.
Friedberg participated in the virtual bankruptcy proceedings, but because he was not physically present in court, he was not given an opportunity to speak.
The court concluded that there were no actual or potential conflicts of interest that were serious enough to disqualify Sullivan & Cromwell from continuing to represent the debtors. “One of the things that debtors have typically encountered is a Twitter attack,” Bromley said. “This is one of the things that debtors have typically been dealing with in these situations.” “It is extremely difficult, Your Honor, to cross-examine a tweet, especially tweets that are being posted by people who are under criminal prosecution and whose movement is limited,” the attorney said.
Bromley later suggested that Friedberg and Bankman-Fried had been using social media to “throw stones” at debtors for providing information to authorities, and the statement came “hot on the heels of two very long and confusing tweets” from SBF. Bromley’s statement came after Friedberg and Bankman-Fried used social media to “throw rocks” at debtors for providing information to authorities.
He also mentioned that Bankman-Fried was “immediately online” to respond to a report in which chief executive John Ray had commented on FTX’s creditworthiness and criticized information purporting to provide transparency for debtors. He said Bankman-Fried was responding to the report because he was “immediately online.” “Mr. Bankman-Fried is the mastermind behind all of this, and if and when we decide to relocate him, regardless of where we decide to transfer him, I have no doubt that he will try to do anything to obstruct our progress in any way.
It’s hitting everyone.”
At press time, Bankman-Fried had not yet provided any comment on the verdict; however, the company had retweeted rumors from other users that Sullivan & Cromwell would continue to defend FTX debtors.
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