FTX investors allege that Fenwick & West engineered shell companies to conceal client fund movements and secure over $1.3 billion in financing, with an independent review noting near-total misconduct involvement.
FTX investors have initiated lawsuits in multiple regions, accusing Fenwick & West of playing a pivotal role in FTX's collapse by designing, approving, and implementing shell companies—including North Dimension—to hide fund movements and facilitate over $1.3 billion in financing. An independent review reported the firm was involved in nearly every aspect of the misconduct.