According to Foresight News, Cointelegraph reported that FTX creditors voluntarily withdrew the class action lawsuit filed against the US law firm Sullivan & Cromwell (S&C). On February 16, a group of FTX creditors sued the law firm, accusing it of playing a role in FTX's multi-billion dollar fraud and gaining financial benefits from it. The lawsuit seeks damages for civil conspiracy, aiding and abetting breach of fiduciary duty, and aiding and abetting fraud. S&C served as an external advisor on many of FTX's transactions and was responsible for overseeing FTX's bankruptcy proceedings. The lead plaintiff's lawyer, Moskowitz Law Firm, said in a statement that it had voluntarily revoked S&C's qualifications as a defendant in the lawsuit and that there was insufficient evidence to file a case.