In the ongoing FTX Trading Ltd. multidistrict litigation, plaintiffs have voiced significant objections to the reorganization plan’s disclosure statement filed in the Delaware bankruptcy court. The plaintiffs allege that the plan significantly undervalues customer recoveries and omits crucial recommendations for an independent investigation into an Am Law 100 firm. “It is extraordinary that in this case, there were so many important details that were not included in the disclosure statement that are key to the ultimate decision of whether you approve the plan or not,” remarked Adam Moskowitz, managing partner at the Moskowitz Law Firm. Moskowitz, along with David Boies of Boies Schiller Flexner, represents thousands of creditor victims in this multidistrict litigation.
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