A category motion lawsuit filed in opposition to former FTX CEO Sam Bankman-Fried and a bunch of paid celeb promoters for the now-defunct crypto trade has been dropped.
On Thursday, legal professionals for the swimsuit’s lead plaintiff, Edwin Garrison, filed a voluntary discover of dismissal with the U.S. District Court docket for the Southern District of Florida.
The preliminary swimsuit, filed in Miami, referred to as FTX a “home of playing cards, a Ponzi scheme the place the FTX entities shuffled buyer funds between their opaque affiliated entities.”
In line with the discover on Thursday, not one of the defendants within the case – together with Bankman-Fried, NFL quarterback Tom Brady, comic Larry David, tennis participant Naomi Osaka, and the NBA’s Golden State Warriors crew – had been served with the summons or the grievance.
Garrison’s lawyer, Adam Moskowitz, didn’t return CoinDesk’s request for remark as as to whether the matter had been settled out of courtroom.
The swimsuit initially referred to as for unspecified damages and a jury trial.
Learn extra: The FTX Downfall: Full Protection