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Law Firms Compete For Consolidated $1 Trillion Bitfinex Lawsuit

Roland James

Summary: The four lawsuits facing Bitfinex, for deliberately swaying market prices during the bull run of 2017, have been consolidated into one case, as plaintiffs are now looking for legal counsel. The total claims against Bitfinex are worth over $1 trillion, according to a report from Bitcoinist. David Leibowitz, a cryptocurrency investor who is now leading the ...

The four lawsuits facing Bitfinex, for deliberately swaying market prices during the bull run of 2017, have been consolidated into one case, as plaintiffs are now looking for legal counsel. The total claims against Bitfinex are worth over $1 trillion, according to a report from Bitcoinist.

David Leibowitz, a cryptocurrency investor who is now leading the consolidated lawsuit, recently filed a motion to appoint interim class action legal counsel. A motion has been filed to appoint legal representatives Roche Cyrulnik, Schneider Wallace Cottrell Konecky LLP and Selendy & Gay.

However, Eric Young who also filed a lawsuit in fall of 2019 prefers his legal counsel, the Kirby and the Radice Law Firm. Both legal teams are currently in an argument over who is the best-prepared with research and understanding of the specifics of the actions of Bitfinex.

Currently three out of four claimants have onsolidated around Leibowitz and his legal counsel.

By Roland James

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