Bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell to be appointed as the debtors' counsel for FTX, despite an objection. FTXcollapse FTXbankruptcy
that it was odd that S&C would likely be chosen for FTX representation. “There’s something off with the FTX bankruptcy,” Murphy insisted in his post. Murphy, an attorney who specializes in metaverse, Web3, and digital asset subjects, questioned the involvement ofThe attorney Murphy points out that when Ray worked with Enron as the chief restructuring officer, Ray did an excellent job aggressively pursuing recoveries for the benefit of Enron’s creditors.
The lawyer further said that this is despite S&C handling “20 engagements for FTX in just 16 months,” being “paid $8.5 million in fees,” and “representing key figures [Sam Bankman-Fried] and [Nishad Singh] personally.” Murphy remarked that at Enron, Ray “aggressively pursued claims against Enron’s outside law firms.” The lawyerVinson & Elkins paid $30 million to settle and Andrews Kurth paid $18.5 million.
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