Celsius lawyers and advisors on track to gain over $140M in fees

2 years ago

Legal fees successful the lawsuit of the bankrupt crypto lender Celsius are skyrocketing.

According to recently disposable information, the fees earned by Celsius’ lawyers and advisors are present connected way to full much than $140 million.

@CamCrews posted a nexus to a Google doc with elaborate lawyer fees showing that Kirkland Ellis — 1 of Celsius’ lawyers — is expected to gain $48.8 cardinal successful fees, with $31.7 cardinal billed done December 2022.

Meanwhile, White & Case is projected to gain $28 cardinal — with $20.9 cardinal billed done January. The third-ranked instrumentality steadfast successful net is Alvarez & Marsal, with projected fees of $15.7 cardinal showed $11.8 cardinal billed done January.

Legal fees

Beyond the Celsius case, specified precocious numbers item the important magnitude of wealth progressive successful ineligible proceedings relating to fraud cases. While it is indispensable for ineligible professionals to beryllium compensated for their services, the precocious fees tin make further hardship for the victims of fraud who whitethorn already beryllium struggling with fiscal losses.

However, successful the U.S., the ineligible strategy is designed to equilibrium the needs of each parties progressive and guarantee that justness is served. In the lawsuit of Celsius, the fees person been skyrocketing — starring to users who mislaid their funds feeling doubly so.

In the lawsuit of FTX, Sam Bankman-Fried (SBF) has precocious petitioned the tribunal to let security fees to screen what is estimated to beryllium a nine-figure territory ineligible bill, each the portion victims of these frauds often indispensable hold months, if not years, to spot resolution.

The station Celsius lawyers and advisors connected way to summation implicit $140M successful fees appeared archetypal connected CryptoSlate.

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