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Eversheds sutherland
FTX Customers Were 'Victims of Mass Misappropriation of Their Assets,' Lawyer Says
Eversheds Sutherland partner and co-global head of corporate crime and investigations Sarah Paul weighs in on the settlement reached for the ad hoc committee of non-U.S. customers of FTX.com. "We have agreed to resolve our litigation in connection with the planned framework that's expected to result in the distribution approximately 90% of the distributable value of the FTX debtors to be paid to customers," Paul said.
FTX Bankruptcy Developments Amid Sam Bankman-Fried's Trial
FTX floated an amended proposal to return up to 90% of creditor holdings held at the exchange before it imploded last November. The debtors' group will formally file the plan by December 16. Eversheds Sutherland partner and co-global head of corporate crime and investigations Sarah Paul discusses the latest developments. Eversheds Sutherland represents the ad hoc committee of non-U.S. customers of FTX.com.