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Milan: Expect a 150 basis point rate cut this year to boost the labor market
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Fenwick & West, the former law firm of FTX, has filed a motion to dismiss the allegations of assisting FTX in committing fraud.
BlockBeats news, on August 29, according to Cointelegraph, FTX’s former law firm Fenwick & West LLP has filed to dismiss a lawsuit that accuses the firm of playing a key role in the collapse of billions of dollars in the encryption trading platform. The firm stated that after two years of litigation, the plaintiffs have still failed to prove that Fenwick & West knew its clients were committing fraud. This lawsuit, filed in 2023, lists numerous defendants, with investors claiming they were aware of FTX’s fraudulent activities. Fenwick & West insists that it should be excluded from this dispute. The firm did not immediately respond to a request for comment.