By Jane Wester | November 3, 2023
Attorneys predicted a "massive penalty" when the disgraced crypto entrepreneur is sentenced in early 2024. He still faces a second set of charges.
By Jane Wester | November 2, 2023
Jurors heard testimony from former FTX customers, investors and, crucially, a group of former employees who testified about Bankman-Fried's state of mind and behind-the-scenes actions as his companies grew and then collapsed in November 2022.
By Jane Wester | November 1, 2023
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."
By Jane Wester | October 30, 2023
Bankman-Fried said he was not sure whether he described the FTX platforms as safe.
By Jane Wester | October 27, 2023
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.
By Jane Wester | October 25, 2023
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.
By Jane Wester | October 17, 2023
Defense counsel' Mark S. Cohen's first questions related to Singh's testimony, on direct examination, that he sometimes thought Bankman-Fried's spending was excessive or involved bad business decisions.
By Jane Wester | October 16, 2023
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.
By Maria Dinzeo | October 11, 2023
"Joe Sullivan used tools and strategies that all CISOs utilize to protect the data of hundreds of thousands of Uber drivers, and was prosecuted for doing his job," Sullivan's appeals attorney said.
By Cheryl Miller | October 10, 2023
Ari J. Lauer has also been named in a securities fraud suit brought by the U.S. Securities and Exchange Commission.
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
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