Poloniex, Bittrex Want Kyle Roche’s Law Firm Removed From Class-Action Against the Exchanges
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Following the controversy surrounding Kyle Roche, an attorney and co-founder of Roche Freedman LLP, two crypto exchanges, Bittrex and Poloniex, want the law firm out of a class action lawsuit filed against them. Like the lawyer representing Tether, the lawyers representing Bittrex and Poloniex argue that “Mr. Roche’s recent statements raise serious concerns.
Poloniex and Bittrex lawyers want Roche Freedman LLP removed from lawsuit against exchange
Bittrex and Poloniex want law firm Roche Freedman LLP removed from a class action lawsuit against them. In 2020, a crypto-litigious company filed a class-action lawsuit against several trading platforms, alleging that several centralized exchanges used tether (USDT) to manipulate crypto prices.
However, Kyle Roche, an attorney and founding partner of Roche Freedman, has recused himself from the lawsuits since series of videos published by Crypto Leaks. In the video clips, Roche discusses his relationship with various crypto companies.
The lawyer claims the clips contain “numerous indelible false statements and illegally obtained, highly edited video clips that are not presented in their proper context.” Despite Roche’s defense, he decided to withdraw from several high-profile cryptocurrency lawsuits.
Immediately after Roche withdrew from the proceedings, Tether’s attorney, Elliot Greenfield of Debevoise & Plimpton LLP, requested that Roche’s entire company be excluded from the proceedings. Now, Poloniex and Bittrex are asking for the same, and they believe that Roche’s statements and honesty could taint actions like the intent behind the discovery.
“Mr. Roche’s recent statements raise serious concerns about the intent behind such discovery and how it will be used,” lawyers for the exchange wrote to the presiding judge of the Southern District of New York. The following is added to the application:
While the Exchange Defendants understand that there is a protective order in this case and that attorneys can be expected to comply with such orders, Mr. Roche’s statements make it clear that he has already used confidential material produced at trial for improper purposes.
Meanwhile, Roche Freedman believes the allegations against Kyle Roche are “provably false,” and the litigation firm says it expected the defendants to use the controversy against the entire law firm. “It’s no surprise, however, that defendants are using it as a litigation tactic to dump the entire company,” Roche Freedman elaborated.
What do you think about Bittrex and Poloniex asking a judge to remove Roche Freedman from a class action lawsuit against the companies? Let us know what you think about this topic in the comment section below.