Two law firms in the case claim if Roche Freedman remains as lead counsel, it would distract the court from the investors' claims and 'prejudice the rights of the putative class.'
Roche Freedman are acting for plaintiffs in the class-action lawsuit initiated in 2019 alleging Tether and Bitfinex manipulated the crypto market by issuing unbacked USDT.
Kirby McInerney LLP and Radice Law Firm, P.C. , who are also representing three plaintiffs in the case, submitted the request that Roche Freeman be removed to the court on Sept.5. In the document, the firms argue they should be substituted as lead counsel on the basis Roche Freedman would distract the court from the investors' claims and"prejudice the rights of the putative class."
"To avoid a sideshow about the adequacy of counsel or the motives and use of litigation and discovery, a new leadership structure is necessary." The controversy began after a CryptoLeaks exposé, which received wide publicity for its allegations that the videos showed Kyle Roche and Ava Labs had a secret agreement to use lawsuits to harm its competitors.
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