Judge refuses to consolidate class action suits against FTX

Judge refuses to consolidate class action suits against FTX

A federal judge has refused to consolidate a number of proposed class-action lawsuits against the FTX exchange by investors. According to the judge, the exchange and its defendants have not yet been heard on the matter. 

Excerpt from the order denying the motion to consolidate. Source: Law360

On March 8, United States District Judge Jacqueline Scott Corley laid down the order that denied a request from plaintiffs to consolidate a total of five proposed class action lawsuits against the bankrupt crypto exchange. Despite no defendants opposing the motion, the judge pointed out that not all defendants had the opportunity to respond yet. The order wrote: 

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“While Plaintiffs state that no Defendant has filed an opposition, they offer no declaration attesting that they have met and conferred with Defendants

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