Andrew Dietderich News

24.04 / 09:25
markets UPS Reuters Research show Courts Updates Legal AI tools used by law firms have a propensity to hallucinate—can anything be done?
Subscribe to enjoy similar stories.A few days ago, the law firm Sullivan & Cromwell apologized to the chief judge of Manhattan’s US Bankruptcy Court for a court filing with AI-hallucinated citations. Andrew Dietderich, co-head of the firm’s global restructuring group, wrote the judge that the firm’s “comprehensive policies and training requirements governing the use of AI tools” had not been followed. A secondary review process also failed.
21.02 / 21:57
Lawsuit FTX bankruptcy FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud
A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, according to a February 16 Miami court filing.
25.10 / 09:41
business crimes FTX Bankruptcy FTX navigates post-bankruptcy options, weighs sale or revival
FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings. 
05.09 / 11:17
business Law FTX Celsius Bitcoin Lawyers collapses Crypto collapses generate hundreds of millions of dollars for lawyers
The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.
15.01 / 01:05
business FTX Bankruptcy Alameda Research had a $65B secret line of credit with FTX: Report
Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion "secret backdoor line of credit" for Alameda Research, according to FTX attorney Andrew Dietderich. 

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