Kyle Roche was an attorney and founder partner of crypto-based litigation firm Roche Freedman LLP. Recently, Roche withdrew form a few class-action lawsuits brought by the law company. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with cryptocurrency companies. After the attorney’s initial filing, the stablecoin issuer Tether is requesting that the litigation firm Roche Freedman be removed from the class action against the company.
Roche Freedman is to be removed by Tether from the Class-Action Lawsuit
Elliot Greenfield of Debevoise & Plimpton LLP has written to the judge presiding over a class-action lawsuit against the stablecoin issuer Tether. A class-action lawsuit claims that stablecoin Tether (USDT), manipulated crypto markets. “The crypto-asset ‘tether’ or ‘USDT’ was falsely marketed as supported by a 1:1 reserve of U.S. dollars which did not exist,” a summary of the lawsuit hosted on Roche Freedman’s website notes. “Plaintiffs further allege that the debased USDT was then used to buy crypto commodities in order to create artificially inflated prices.”
This letter is about Kyle Roche, an attorney who was also the founding partner of Roche Freedman. Roche is currently the center of controversy after he was accused in a scandal. series of videosCrypto Leaks publishes a lawyer speaking about particular relationships with crypto-businesses. The attorney has addressed the Crypto Leaks videos and insists the information “contains numerous unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context.” On August 31, Roche filed to remove himself from numerous class-action lawsuits including the case against Tether.
The letter from Tether’s legal team wants the presiding Judge Failla to remove the litigation firm Roche Freedman from the case. Greenfield insists that Roche’s involvement raises “grave concerns for the defendants regarding the motivations behind the lawsuit.” The attorney also questions whether or not “highly sensitive, confidential information the defendants provided is being misused. Essentially, the lawyer argues that Roche’s associations tied to the recent Crypto Leaks videos are enough to remove Roche Freedman from the case entirely.
“The individual withdrawal of Mr. Roche, however, does little if anything to address the serious issues regarding the potential misuse of discovery and class action lawsuits generally,” the Debevoise & Plimpton attorney notes in the filing. “Even if he is no longer counsel of record, he would still have access to discovery materials, would retain the ability to direct the conduct of other lawyers at his firm, and would profit from any potential recovery in this lawsuit.”
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