A federal judge rejected several class-action lawsuits brought by merger investors against the FTX exchange. According to the judge, the exchange and the defendant did not hold a trial.

On March 8th U.S. District Judge Jacqueline Skins Kono (Jacqueline Scott Corley) issued an order rejecting the plaintiff's five class action requests to merge the failed password exchange. Although no defendants resisted the resolution, the judge stressed that not all defendants were able to clarify the facts. The instruction reads:

Although the plaintiffs claimed that no challenge had been raised by the defendant, they did not provide a valid statement confirming that they had met and discussed with the defendant and that they had no objection to the merger.

Plaintiffs, including Julie Papadakis, Michael Elliot Jessup, Stephen Pierce, Elliotlin and Crawford Hawkins, sued Rob Bankman-fried, former CEO of FTX, and other management for embezzlement and filed a lawsuit in California. Although all the plaintiffs are verifying Bankman-Fry, these cases include a variety of other defendants, including outside certified public accountants and those who promoted the exchange.

That is why the judge also mentioned that there was no need for a merger until the defendant had been consulted. "the court felt that it was not necessary to do so at the moment without giving the defendant the opportunity to argue," he said. It is too early to serve as a temporary collective teacher before the merger.

In addition, lawyer Bankman-Fry recently indicated that a criminal trial scheduled for October may also need to be delayed. In a letter dated March 8, Bankman-Fry 's lawyers stated that although they did not announce a change in time, it might be necessary because they were waiting for a lot of direct evidence to be sent to them. In addition, lawyers stressed that a large number of charges were filed against Bankman-Fry in February.