Sullivan&Cromwell

On March 10, the Wall Street Journal quoted people familiar with the matter as reporting that the Bank of Silicon Valley was negotiating with the investment bank Centriew and the law firm Sullivan&Cromwell for self-rescue. Among them, Sullivan&Cromwell, a law firm, participated in the FTX bankruptcy case. Interpretation of this information: The recent news about the Bank of Silicon Valley negotiating with Centriew and Sullivan&Cromwell for self-rescue has garnered attention. Speculations suggest that the bank’s poor financial performance and legal issues could have prompted such negotiations. The Bank of Silicon…

On March 7, the court records showed that the professionals handling the FTX bankruptcy case charged a total of $38 million in January, of which Sullivan&Cromwell’s fees in January were $16.8 million and Alvarez&Marsal’s fees in January were $12.3 million. Three law firms, including Sullivan&Cromwell, have more than 180 lawyers in charge of the case and more than 50 non-lawyers (such as paralegals). （Coindesk） Interpretation of this information: The message reports on the fees charged by professionals handling the bankruptcy case of FTX in January. The total charges amount to…