Sullivan & Cromwell Dropped From FTX Investors’ Fraud Lawsuit

FTX law firm Sullivan & Cromwell LLP was dismissed from a lawsuit filed by some of the failed crypto exchange’s investors on Wednesday, according to a district court filing.

The investors said that the law firm was voluntarily dismissed from the suit with prejudice in a notice filed with the US District Court for the Southern District of Florida. A proposed class alleged Sullivan & Cromwell attorneys “actively participated” in FTX’s fraud through their legal work for the exchange.

• Sullivan & Cromwell called the allegations “dubious” and said the investors hadn’t alleged any knowledge of fraud while performing certain legal ...