Law firm Roche Freedman was removed from representing the plaintiffs in a class-action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, which accused them of market manipulation, according to a Bloomberg report on Thursday.
A New York Judge took the action despite Kyle Roche, crypto lawyer and founding partner of Roche Freedman, filing earlier to step away from his law firm's class action practice.
Tether and Bitfinex had filed a request to remove Roche's entire law firm from the case. Judge Katherine Polk Failla said the firm's continued participation in the case could derail litigation, the report said. "The metaphorical baggage they now carry is not in the best interests of the class," Failla said.
"We are pleased with the Court’s thorough and well-reasoned decision to remove Roche Freedman LLP as interim class counsel," said a Tether spokesperson. "Roche Freedman’s repeated attempts to trivialize and separate itself from Kyle Roche’s despicable statements describing unethical conduct were not the least bit persuasive."
Roche Freedman did not immediately respond to CoinDesk's request for comment.
The lawsuit, which was filed in 2019, against Bitfinex and Tether, its sister company, seeks total damages up to more than $1 trillion.
UPDATE (Oct. 14, 2022, 11:55 UTC): Adds quote from Tether spokesperson.
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