Philadelphia-based law firm Montgomery McCracken Walker & Rhoads has replaced New York’s Cohen & Gresser as the legal counsel for Sam Bankman-Fried in his ongoing Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) civil cases. The counsel substitution was entered on Tuesday by Montgomery McCracken partners Richard Simins and Jeremy Mishkin, both declined to comment on the matter when approached on Wednesday. Here is the report from Law.com.
The ongoing SEC and CFTC civil cases against Bankman-Fried have been on hold since February 2023, pending the conclusion of his unrelated criminal proceedings. These cases, under the presiding of U.S. District Judge Kevin Castel, represent significant happenings within the legal profession.