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Legal Mag > Blog > Litigation > FTX Leaders Face Class Action Complaint From Account Holders Claiming They Cannot Access Funds
Litigation

FTX Leaders Face Class Action Complaint From Account Holders Claiming They Cannot Access Funds

Press Room
Press Room 3 months ago
Updated 2023/01/06 at 2:21 AM
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Kaplan Fox & Kilsheimer and Wites Law Firm filed a class action Tuesday in California Northern District Court against accounting firm Armanino LLP, former FTX founder Samuel Bankman-Fried and certain former FTX officers relating to accounts held by FTX and West Realm Shires Services. The suit was brought on behalf of individuals who have been unable to access or withdraw deposited funds from their accounts and contends that the defendants made false representations about how customer assets would be maintained and used. The suit also accuses the defendants of fraud, civil conspiracy and conversion. Counsel have not yet appeared for the defendants. The case is 3:23-cv-00024, Papadakis v. Bankman-Fried et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.

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