News

Legal Firm Roche Freedman Removed From Litigation Lawsuit Tether, Bitfinex

Even though controversial founder Kyle Roche filed to withdraw from the case, the law firm Roche Freedman was removed.

According to a Bloomberg story on Thursday, the legal firm Roche Freedman was dismissed from representing the plaintiffs in a class action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, accusing them of market manipulation.

Despite crypto lawyer and founding partner of Roche Freedman, Kyle Roche, filing previously to withdraw from his legal firm’s class action work, a New York Judge accepted the case.

In August, the whistleblower website Crypto Leaks released a series of damaging videos accusing Roche of leveraging class-action lawsuits to get sensitive information on numerous cryptocurrency startups. The charges were disputed by Roche.

Kyle Roche

Roche had withdrawn from lawsuits involving Tether, Bitfinex, the Tron Foundation, HDR Global Trading (which operates as BitMEX), Nexo Capital, BAM Trading (which operates as Binance.US), Dfinity, and Solana Labs. Roche also withdrew from a class-action lawsuit against several universities.

Tether and Bitfinex had filed a request to remove Roche’s entire law firm from the case. Judge Katherine Polk Failla said that the firm’s continued participation in the case could derail litigation, the report said.

“The metaphorical baggage they now carry is not in the best interests of the class,” she said.

The lawsuit, which was filed in 2019 against Bitfinex and its sister company Tether, seeks total damages up to more than $1 trillion.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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