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November 01, 2023 | New York Law Journal

Sam Bankman-Fried Lawyer Closes by Asking Jury to Find FTX Founder Acted in Good Faith

Assistant U.S. attorney Nicolas Roos asked jurors if they noticed that Bankman-Fried's testimony, on direct examination, was "smooth, like it'd been rehearsed a bunch of times"—but that his cross-examination was "uncomfortable to hear."
3 minute read
October 30, 2023 | New York Law Journal

Cross-Examination of Sam Bankman-Fried Dives Into Prior Public Statements

Bankman-Fried said he was not sure whether he described the FTX platforms as safe.
3 minute read
October 27, 2023 | New York Law Journal

Sam Bankman-Fried Addresses 'Mistakes' on Witness Stand in FTX Fraud Trial

Over several objections from prosecutors who argued that Bankman-Fried was providing "narrative" rather than simply responding to Cohen's questions, Bankman-Fried described his leadership of FTX and Alameda Research, the crypto trading firm he founded in 2017.
4 minute read
October 26, 2023 | New York Law Journal

Sam Bankman-Fried Verbose in Cross-Examination Outside Jury's Presence

U.S. District Judge Lewis Kaplan of the Southern District of New York observed that FTX and Alameda Research founder Sam Bankman-Fried has "an interesting way of responding to questions" as he took the stand in his fraud and money laundering trial.
3 minute read
October 25, 2023 | New York Law Journal

'High-Risk, High-Reward': What to Expect as Sam Bankman-Fried Takes Witness Stand in FTX Fraud Trial

U.S. District Judge Lewis Kaplan of the Southern District of New York already demonstrated a willingness to question witnesses himself in the course of the first three weeks of the trial.
5 minute read
October 17, 2023 | New York Law Journal

A Cautionary Lesson for Boards When Faced With Shareholder Demands for Books and Records

Jeffrey Lang and Colin Bridge provide an in-depth discussion of 'Ontario Provincial Council of Carpenters' Pension Trust Fund v. Walton,' where the Delaware Court of Chancery provided a cautionary lesson for corporate boards and their counsel on the risks of sharply limiting the scope of responses to shareholder demands for information.
16 minute read
October 16, 2023 | New York Law Journal

US Judge Refuses to Adjourn Trial for Bankman-Fried to Obtain Meds to Aid in Focus

Bankman-Fried's lead defense counsel has raised concerns about his client's limited access to Adderall several times since Bankman-Fried was remanded to Brooklyn's Metropolitan Detention Center in August, saying he needs the medication to be able to meaningfully participate in the preparation of the defense case.
3 minute read
October 12, 2023 | New York Law Journal

Sam Bankman-Fried Jury Listens to Tape of Caroline Ellison Recorded During FTX, Alameda Collapse

A former Alameda Research software engineer testified that Ellison's nervous laughter, which was audible in the recording, was not unusual for the former cryptocurrency trading firm CEO.
5 minute read
October 11, 2023 | New York Law Journal

'The Worst Week of My Life': Alameda Research CEO Caroline Ellison Describes Collapse of FTX

The key government witness repeatedly referred to feeling a "constant state of dread" in the preceding months as she realized the extent of the wrongdoing at FTX and Alameda.
5 minute read
October 10, 2023 | Insurance Coverage Law Center

FTX Founder Sam Bankman-Fried Sues Insurer to Cover Defense Costs in New York Criminal Trial

According to a complaint filed in the Northern District of California federal court, an insurance company must pay for his legal defense "without regard to whether payments may exhaust the policy limit."
2 minute read

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