Tom Brady, Steph Curry, More Celebrities Want FTX Discovery Halted

Tom Brady, Steph Curry and other celebrities being sued for promoting FTX before its collapse want to temporarily halt “burdensome” discovery while efforts to dismiss the suit are pending.

The group, which also includes model Gisele Bündchen and “Shark Tank” host Kevin O’Leary, was “needlessly dragged into this case in search of deep pockets,” lawyers said in a Wednesday filing in the US District Court for the Southern District of Florida.

The plaintiffs in the proposed class action are seeking depositions and written discovery, according to the filing.

“Plaintiffs have brought a nonmeritorious action and seek to impose significant discovery burdens and costs on the non-FTX Defendants prior to the likely dismissal of the case,” the filing says.

Crypto traders who lost money with FTX say the celebrities are liable for their losses because they promoted the now-bankrupt crypto company.

If the celebrities’ motions to dismiss are denied, plaintiffs will have a opportunity to conduct discovery, the filing said.

The case is Garrison v. Bankman-Fried et al., S.D. Fla., No. 1:22-cv-23753, 4/26/23.