Lawyer Beats Microsoft, Replaces Theranos, Sues FTX Celebrity
Lawyer Beats Microsoft, Replaces Theranos, Sues FTX Celebrity. According to a source, attorney David Boies is talking to clients about filing a class action lawsuit against prominent people who promoted the FTX crypto exchange.
The class-action lawsuit could be similar to the lawsuit aimed at billionaire Mark Cuban and the Dallas Mavericks for promoting crypto lender Voyager. High FTX promoters like Tom Brady and Steph Curry may have a case on their hands.
Prominent attorney David Boies is talking to clients about a possible class action against prominent promoters of crypto exchanges right now, according to a source with direct knowledge of the matter. Boies’ firm, Boies Schiller Flexner LLP, has spoken to clients about a class action lawsuit against crypto lender Voyager, the source said. The Voyager case targeted CEO Steve Ehrlich, the Dallas Mavericks basketball team and its billionaire owner, Mark Cuban. Voyager filed for bankruptcy in July.
Judgment may come a few days after FTX’s shocking collapse. FTX CEO Sam Bankman-Fried resigned from his position after the exchange filed for bankruptcy protection in Delaware on Friday. At its peak, the company was valued at $32 billion, but it collapsed after a run on its landmark FTT license. Boies is a prominent attorney who has represented the infamous healthcare company Theranos, victims of Jeffrey Epstein and actor Harvey Weinstein, among others. The Financial Times reported last week that investors and FTX clients had approached Boies about a potential lawsuit. He also helped argue the US government’s case against Microsoft in an antitrust case.
The guilty will be judged – FTX
Boies is the lead attorney on the Voyager case with Adam Moskowitz, who manages the Moskowitz Law Firm. Moskowitz and a spokeswoman for Boies did not respond to requests for comment.
It is unclear which FTX promoters may extend the class action. Prominent promoters, including Tampa Bay Buccaneers quarterback Tom Brady and Golden State Warriors point guard Stephen Curry, appeared in FTX’s ad and struck an equity deal with the exchange. Other FTX members include basketball star Shaquille O’Neal, TV star and “Seinfeld” producer Larry David, “Shark Tank” TV personality and businessman Kevin O’Leary and David Ortiz, who played baseball. for the Boston Red Sox. The Miami Heat basketball team is also affiliated with FTX. Teams in Miami-Dade County ended their business relationship with the exchange last week, after the agency signed a $135 million naming rights deal for FTX Arena last year.