Maderal Byrne & Furst PLLC is proud to announce a major appointment. The court selected partner Rachel Wagner Furst has been appointed to the Plaintiffs’ Steering Committee. She joins Plaintiffs’ Co-Lead Counsel, David Boies and Adam Moskowitz. Together, this court-appointed counsel will lead the litigation. They will advocate on behalf of the victims of the FTX platform collapse in the United States District Court.
Rachel is an experienced class action and multi-district litigation attorney. Furthermore, she holds prior appointments to plaintiffs’ leadership committees. Overall, the firm’s attorneys stand as recognized leaders in complex injury, class action, and mass tort litigations and have been appointed to leadership roles throughout the nation.
The November 2022 downfall of FTX, once the third-largest cryptocurrency exchange in the world, caused hundreds of thousands of investors to lose billions of dollars. Numerous class and non-class actions were filed after the FTX bankruptcy, principally alleging fraudulent and conspiratorial conduct with regard to the promotion, marketing, auditing, and misappropriation of funds. These cases were all consolidated on June 5, 2023, in front of the Honorable K. Michael Moore, in the United District Court.