FTX bankruptcy legal fees approach nearly $1 billion, nearing historical levels of the Lehman Brothers case

DailyNews

2025-02-27 00:50:32

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On February 27, PANews reported that the legal and advisory fees for the FTX bankruptcy case have reached a total of $950 million, making it one of the most expensive bankruptcy cases in U.S. history, second only to the Lehman Brothers case. Among them, the restructuring advisor Alvarez & Marsal’s fees are close to $400 million, the legal advisor Sullivan & Cromwell’s fees exceed $300 million, and John Ray’s consulting firm’s fees are nearly $10 million. Overall legal and financial advisory fees are still on the rise, with the final cost expected to exceed $1 billion.

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GateUser-95194dd2

· 2025-02-27 00:55

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