Photo: Stanislav/Adobe Stock
Indicted FTX founder Sam Bankman-Fried sued an insurance firm for assistance with his defense costs Monday, one day before jury selection began in his fraud trial in Manhattan.
Bankman-Fried's attorneys at Lewis & Llewellyn and Cohen & Gresser argued that the Continental Casualty Co., also known as CNA, has breached its contractual obligation to pay Bankman-Fried's defense costs "on a current basis, without regard to whether payments may exhaust the policy limit."
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Jane Wester
Jane Wester is a litigation reporter for the New York Law Journal. Email her at [email protected] or find her on Twitter @janewester.
