Ashuraey Law Represented Claim Seller in Lawsuit Against Buyer


January 23, 2025

Ashuraey Law represented the seller of an FTX bankruptcy claim, as plaintiff, in litigation against the claim buyer.  The lawsuit stemmed from an “excess claim provision” in the purchase agreement.  The complaint, filed in federal and subsequently state court in New York, was based on a breach of contract claim and sought monetary and equitable remedies.  The lawsuit was reported on multiple news outlets, including by Bloomberg and Coindesk. The dispute was ultimately successfully resolved out of court — importantly, well before any distributions were made on account of the claim.

Sam Ashuraey has extensive experience representing creditors and other parties in connection with claims transfers and other aspects of bankruptcy and restructuring.  Please contact Sam or learn more here