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FTX Investors Object to Disclosure Statement’s Alleged Undervaluing of Crypto, Omitting Investigation Into Am Law 100 Firm

Plaintiffs in the FTX Trading Ltd. multidistrict litigation raised several objections to the disclosure statement in Delaware bankruptcy court, including that the reorganization plan allegedly severely undervalues customer recoveries and that it omits that an independent investigation was recommended into an Am Law 100 firm. Adam Moskowitz, managing partner at…

The UK Law Firms With the Highest Profit Margin

Macfarlanes is the firm with the highest profit margin in the U.K. Top 50, according to an analysis of limited liability partnership accounts that showed a wider decrease in profit margins. Macfarlanes’ operating profit margin for the 2022-23 financial year was 52%, putting it ahead of Stewarts, Brodies and Fieldfisher,…

Florida Jury Weighs Chiquita Case Linked to Terrorist Financing

Florida jurors are expected to start deliberations on Friday in a long-running case against Chiquita Brands International that seeks compensation for family members of individuals who were allegedly murdered by an armed group in Colombia. The class action was filed after a 2007 U.S. criminal case in which Chiquita pleaded guilty…