The controversy around Kyle Roche, an attorney and founder partner at the litigation firm Roche Freedman LLP has led to the demand by the crypto exchange companies Bittrex, and Poloniex that the law firm be removed from the class action lawsuit. Similar to the attorney representing Tether, the lawyers representing Bittrex and Poloniex argue that “Mr. Roche’s recent statements raise serious concerns.”
Poloniex and Bittrex Lawyers Demand Roche Freedman LLP to Be Removed from a Lawsuit Against The Exchanges
Bittrex, Poloniex and Roche Freedman LLP want to be removed from a class-action suit against them. In 2020, the crypto-boutique litigation firm filed a class action suit against multiple trading platforms. The lawsuit alleges that a few centralized exchanges used USDT (tether) to manipulate crypto prices.
Roche Freedman’s founding partner and attorney Kyle Roche has resigned from the lawsuits. series of videosCrypto Leaks published this article. Roche talks about his relationships with various crypto-businesses in the videos.
The attorney claims the clips contain “numerous unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context.” Despite Roche’s defense, he decided to withdraw from several high-profile cryptocurrency lawsuits.
Immediately after Roche removed himself from the lawsuits, Tether’s lawyer Elliot Greenfield from Debevoise & Plimpton LLP requested that Roche’s entire firm be barred from the lawsuit. Now Poloniex and Bittrex are requesting the same, and they believe Roche’s statements and integrity may taint actions such as the intent behind discovery.
“Mr. Roche’s recent statements raise serious concerns about the intent behind such discovery and how it will be used,” the exchange’s lawyers wrote to the presiding Southern District of New York judge. This filing also adds:
While the exchange defendants appreciate that a protective order has been entered in this matter and that attorneys can be expected to comply with such orders, Mr. Roche’s statements make clear that he has already used confidential materials produced in litigation for improper purposes.
Meanwhile, Roche Freedman believes the allegations against Kyle Roche are “demonstrably false” and the litigation firm says that it expected the defendants to leverage the controversy against the entire law firm. “It’s no surprise, however, that defendants are using it as a litigation tactic to disqualify the entire firm,” Roche Freedman detailed.
How do Bittrex/Poloniex feel about Roche Freedman being removed from the class action lawsuit against them? Please comment below to let us know your thoughts on this topic.
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