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Collective Lawsuit Related to FTX Withdrawn, Lawyer Receives $650,000 in Fees but Claimants Not Compensated

Summary: According to reports, a collective lawsuit related to FTX has been withdrawn, with claimants not receiving any compensation while the lawyer received $650,000 in fees. The Ontario Teachers' Pension Fund had invested $95 million in FTX. The lawsuit accused the fund of failing to conduct proper due diligence on its investment. Additionally, former FTX clients ...

According to reports, a collective lawsuit related to FTX has been withdrawn, with claimants not receiving any compensation while the lawyer received $650,000 in fees. The Ontario Teachers' Pension Fund had invested $95 million in FTX. The lawsuit accused the fund of failing to conduct proper due diligence on its investment. Additionally, former FTX clients in the United States have also initiated similar lawsuits against FTX shareholders.

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Link: Collective Lawsuit Related to FTX Withdrawn, Lawyer Receives $650,000 in Fees but Claimants Not Compensated [Copy]

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