Lawyers representing a class action against FTX have contested Sullivan & Cromwell's attempt to dismiss the lawsuit, accusing the law firm of aiding the exchange's fraudulent activities. The plaintiffs argue that S&C went beyond standard legal practices to support FTX's misconduct. Despite S&C's claim of being a disinterested party in the FTX bankruptcy proceedings, the plaintiffs seek damages for civil conspiracy and aiding fraud. The lawsuit alleges that S&C, despite its limited relationship with FTX, actively participated in misleading strategies. The involvement of former S&C partner Ryne Miller, who later joined FTX, is also highlighted. The case raises concerns about the exchange's collapse and its dealings with S&C. FTX's bankruptcy protection filing in 2022 has further intensified the legal scrutiny on S&C's role in the matter. Read more AI-generated news on: https://app.chaingpt.org/news