A New York judge has reportedly removed Roche Freedman from a class action lawsuit against stablecoin issuer Tether and crypto exchange Bitfinex.
A New York judge has removed law firm Roche Freedman from a class action against stablecoin issuer Tether and crypto exchange Bitfinex, according to Bloomberg Law.A U.S.
The hearing on Thursday confirmed that Roche Freedman would need to be removed or else it could derail the lawsuit’s litigation process, Bloomberg Law saidRoche Freedman initiated the class action against Bitfinex and Tether in 2019, alleging over $1.4 trillion in damages suffered by plaintiffs. The suit claims a"sophisticated scheme" that defrauded investors, manipulated markets and concealed illicit proceeds.
Bitfinex and Tether took action to end Roche Freedman’s participation in the case due to concerns about the firm’s motivations, Bloomberg reported.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
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