Sam Bankman-Fried’s parents moved to dismiss a lawsuit brought by FTX’s bankrupt estate, saying it fails to show they had a formal role at the fallen crypto exchange or breached any fiduciary duty.
Allan Joseph Bankman can’t be held liable for alleged breaches of fiduciary duty because he didn’t hold an official role at FTX, he argued in a Monday filing in the US Bankruptcy Court for the District of Delaware. The complaint also fails to allege that Bankman and Barbara Fried intended to conduct a fraudulent transfer, the filing says.
The complaint, filed in September as part of a ...
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