A U.S. federal judge has denied the consolidation of five class action lawsuits filed by investors against FTX

ChainCatcher news, according to Cointelegraph, U.S. District Judge Jacqueline Scott Corley has denied the consolidation of five class action lawsuits filed by investors against the FTX exchange. The judge noted that there was no need to consolidate before hearing from the defendants, and not all defendants had the opportunity to respond.

It is reported that multiple plaintiffs accused former FTX CEO Sam Bankman-Fried and other executives of misappropriating their assets and filed lawsuits in the Northern District of California. While all plaintiffs are pursuing SBF, these cases also include various other defendants, including external auditors and personnel related to the exchange. (source link)