Fenwick & West, a law firm previously contracted by FTX, has denied allegations from an updated class-action lawsuit asserting that it played a crucial role in the fraudulent activities leading to FTX's collapse. The lawsuit, which was initially filed in 2023 and updated recently, claims new information reveals Fenwick aided the exchange's fraud. Fenwick argued against the proposed amendments, stating the allegations are based on outdated information and are fundamentally flawed. They insisted that their legal services were routine and within the bounds of the law, emphasizing they had no knowledge of the fraud. Furthermore, Fenwick criticized the inclusion of new claims related to securities violations as untimely and frivolous, suggesting these allegations arose only after a judge dismissed similar claims against other defendants. The firm maintains that its actions were not related to the alleged fraud at FTX, as testified by numerous witnesses during the trial of FTX co-founder Sam Bankman-Fried.

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