Legal Firm Roche Freedman Removed From Litigation Lawsuit Tether, Bitfinex
Even though controversial founder Kyle Roche filed to withdraw from the case, the law firm Roche Freedman was removed.
According to a Bloomberg story on Thursday, the legal firm Roche Freedman was dismissed from representing the plaintiffs in a class action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, accusing them of market manipulation.
Despite crypto lawyer and founding partner of Roche Freedman, Kyle Roche, filing previously to withdraw from his legal firm’s class action work, a New York Judge accepted the case.
In August, the whistleblower website Crypto Leaks released a series of damaging videos accusing Roche of leveraging class-action lawsuits to get sensitive information on numerous cryptocurrency startups. The charges were disputed by Roche.
Roche had withdrawn from lawsuits involving Tether, Bitfinex, the Tron Foundation, HDR Global Trading (which operates as BitMEX), Nexo Capital, BAM Trading (which operates as Binance.US), Dfinity, and Solana Labs. Roche also withdrew from a class-action lawsuit against several universities.
Tether and Bitfinex had filed a request to remove Roche’s entire law firm from the case. Judge Katherine Polk Failla said that the firm’s continued participation in the case could derail litigation, the report said.
“The metaphorical baggage they now carry is not in the best interests of the class,” she said.
The lawsuit, which was filed in 2019 against Bitfinex and its sister company Tether, seeks total damages up to more than $1 trillion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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Legal Firm Roche Freedman Removed From Litigation Lawsuit Tether, Bitfinex
Even though controversial founder Kyle Roche filed to withdraw from the case, the law firm Roche Freedman was removed.
According to a Bloomberg story on Thursday, the legal firm Roche Freedman was dismissed from representing the plaintiffs in a class action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, accusing them of market manipulation.
Despite crypto lawyer and founding partner of Roche Freedman, Kyle Roche, filing previously to withdraw from his legal firm’s class action work, a New York Judge accepted the case.
In August, the whistleblower website Crypto Leaks released a series of damaging videos accusing Roche of leveraging class-action lawsuits to get sensitive information on numerous cryptocurrency startups. The charges were disputed by Roche.
Roche had withdrawn from lawsuits involving Tether, Bitfinex, the Tron Foundation, HDR Global Trading (which operates as BitMEX), Nexo Capital, BAM Trading (which operates as Binance.US), Dfinity, and Solana Labs. Roche also withdrew from a class-action lawsuit against several universities.
Tether and Bitfinex had filed a request to remove Roche’s entire law firm from the case. Judge Katherine Polk Failla said that the firm’s continued participation in the case could derail litigation, the report said.
“The metaphorical baggage they now carry is not in the best interests of the class,” she said.
The lawsuit, which was filed in 2019 against Bitfinex and its sister company Tether, seeks total damages up to more than $1 trillion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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