{"id":158507,"date":"2023-09-19T13:46:46","date_gmt":"2023-09-19T08:16:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=158507"},"modified":"2023-09-19T13:46:46","modified_gmt":"2023-09-19T08:16:46","slug":"three-defendants-reach-tentative-settlements-in-ftx-class-action-suit-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/three-defendants-reach-tentative-settlements-in-ftx-class-action-suit-crypto-news\/","title":{"rendered":"Three defendants reach tentative settlements in FTX class action suit &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Jacksonville Jaguars quarterback Trevor Lawrence, alongside YouTube influencers Keven Paffrath and Tom Nash, reached proposed settlements in the FTX class-action lawsuit, according to court documents filed on Friday.<\/p>\n<p>No details or settlement terms were disclosed in the filing.<\/p>\n<p>In addition, the counsel for the class action noted that they\u2019re \u201cengaged in ongoing confidential, settlement discussions with additional FTX defendants.\u201d<\/p>\n<p>Mediation dates are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.docdroid.net\/0SFJH6F\/show-temp-lawrence-dismissal-pdf#page=2\">set<\/a> for October and November, and lawyers revealed their intention to file Motions to Dismiss soon.<\/p>\n<p>In a separate filing on Friday, attorneys representing the plaintiffs filed a notice of voluntary dismissal of Ben Armstrong. Armstrong, in April, was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/news\/bitboy-ben-armstrong-ftx-legal-action\">accused of harassing attorneys<\/a> involved in the suit.<\/p>\n<p>If the settlements move forward, the counsel plans to submit a filing on Jan. 5 seeking to schedule a Motion for Preliminary Approval.<\/p>\n<p>In addition to Nash, Paffrath and Jackson, a number of celebs including Tom Brady, Shaquille O\u2019Neal, Gisele Bundchen and Larry David were named in class action suits following the collapse of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/tag\/ftx\">FTX<\/a>. The suits were consolidated in Miami before a federal judge.<\/p>\n<p>A class action suit was also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/news\/golden-state-warriors-lawsuit-ftx\">filed against Steph Curry and the NBA\u2019s Golden State Warriors<\/a> in July. Plaintiffs claim that the Warriors and Curry engaged in a conspiracy that \u201c\u200b\u200bsubstantially assisted or encouraged the wrongdoing conducted by the FTX Group.\u201d<\/p>\n<p>The settlement filings come just weeks before FTX\u2019s former CEO <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/tag\/sam-bankman-fried\">Sam Bankman-Fried<\/a> is set to stand trial on Oct. 3. Bankman-Fried faces fraud charges in relation to the collapse of FTX last year.\u00a0<\/p>\n<p>Additionally, Bankman-Fried pleaded not guilty to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/news\/sam-bankman-fried-new-charges-pleads-not-guilty\">seven fraud and conspiracy charges<\/a> last month.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<p><strong>Don\u2019t miss the next big story \u2013 join our\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/newsletter?source=end\">free daily newsletter<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jacksonville Jaguars quarterback Trevor Lawrence, alongside YouTube influencers Keven Paffrath and Tom Nash, reached proposed settlements in the FTX class-action lawsuit, according to court documents filed on Friday. No details or settlement terms were disclosed in the filing. In addition, the counsel for the class action noted that they\u2019re \u201cengaged in ongoing confidential, settlement discussions [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":158508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-158507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=158507"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158507\/revisions"}],"predecessor-version":[{"id":158510,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158507\/revisions\/158510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/158508"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}