From Fortune's Term Sheet newsletter via MSN, May 12:
A former FTX insider joins the class action lawsuit against celebs like Tom Brady and Shaq who touted crypto
Dan Friedberg, the former chief compliance officer of bankrupt crypto exchange FTX, is cooperating with the plaintiffs bringing a class action suit versus a group of sports stars and entertainers, Fortune has learned from a new legal filing. The lawsuit's targets include, among others, Shaquille O’Neal, Tom Brady, Naomi Osaka, and Larry David.
Friedberg’s role in assisting the plaintiffs was disclosed in an amended complaint in the case, filed late in the afternoon of May 11 in Federal Court in the Southern District of Florida. The complaint alleges that important promotional activity originated from Florida, which could be an important issue in the case. That evidence could be especially relevant on the pending jurisdictional issues. (The attorneys for the plaintiffs are Moskowitz Law of Miami, and New York's Boies, Schiller, Flexner. The firms representing the defendants include Latham & Watkins and Colson Hicks Edison of Coral Gables.)....
....MUCH MORE
