In February, FTX’s bankruptcy proceedings totaled 32.5 million. This excluded current CEO John J. Ray III’s $305,000 payment. According to court filings between 4 – 10 April, during the month of February, the fees of law firms involved in FTX’s bankruptcy proceedings totaled around $32.5 million. The law firm Quinn Emanuel Urquhart and Sullivan sought […]
This excluded current CEO John J. Ray III’s $305,000 payment.between 4 – 10 April, during the month of February, the fees of law firms involved in FTX’s bankruptcy proceedings totaled around $32.5 million.
The firm’s total number of hours billed was nearly 2,610. The law firm Alvarez and Marsal and forensic investigation consultant Alix Partners disclosed their February fee statements, which totaled more than $11.9 million and $3.6 million, respectively. The FTX chief was paid $1,300 per hour and reportedly worked 255.9 hours for the period of 1-31 March. Thus, Ray’s fees totaled $327,470, with the remaining $1,703 used for tickets, hotel, transportation, meals, and other expenses.
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