Prominent U.S. law firm Fenwick & West has agreed to pay $54 million to resolve claims from FTX customers. The settlement was filed Friday in Miami federal court and requires judicial approval.
Fenwick, a lead outside counsel for FTX before its collapse, was accused of helping facilitate the fraud. The firm denies wrongdoing.
“We were not aware of the fraud,” Fenwick stated, adding they look forward to putting the matter behind.
The deal is part of a second wave of settlements in the FTX litigation.
