Papadakis

Papadakis v. Bankman-Fried

Good Law
United States District Court, Northern District of CaliforniaJune 21, 20233:23-cv-00024California1,622 words

Opinion

Trial Court Opinion

ES DISTRS Certified to be a true and (ee a) □□□ a ey Date Jun 2 1, 302

UNITED STATES JUDICIAL PANEL

on

MULTIDISTRICT LITIGATION

IN RE: FTX CRYPTOCURRENCY EXCHANGE

COLLAPSE LITIGATION MDL No. 3076

TRANSFER ORDER

Before the Panel:* This litigation arises out of the collapse of the FTX cryptocurrency exchange in November 2022 and the subsequent bankruptcy of FTX Trading Ltd. and its US. affiliate FTX US (together, FTX). Plaintiffs are FTX customers and investors seeking to recover their losses. Defendants are individuals and entities that allegedly facilitated FTX’s wrongful conduct. This litigation currently consists of eight actions pending in two districts, as listed on Schedule A. Since the filing of the motion, the Panel has been notified of eleven related actions in the Northern District of California, Southern District of Florida, District of New Jersey, and Southern District of New York.' Plaintiffs in the consolidated Garrison and Podalsky actions move under 28 U.S.C. § 1407 to centralize this litigation in the Southern District of Florida. Responding plaintiffs’ positions on centralization…

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