SBF parents seek dismissal of lawsuit filed by FTX, deny unjust enrichment
The parents of former FTX CEO SBF are seeking to dismiss FTX's lawsuit against them, denying allegations that they had knowledge of the cryptocurrency exchange and profited from the company's misconduct.According to court documents, Joseph Bankman and Barbara Fried's lawyers argue that FTX's lawsuit attempts to fully exploit the fact that they are the former CEO's parents. They reject the claim that Bankman had a fiduciary relationship with FTX, and even if he did, the plaintiff failed to reasonably state a breach.Previously, FTX's lawsuit claimed that Bankman and Fried profited from their access and influence within FTX at the expense of creditors in FTX's bankruptcy estate.
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