HLS BFI Lunch Panel

The Rise and Fall of FTX

November 10, 2025 12:15 – 1:15 PM WCC 1010

Join us for an in-depth conversation on one of the most complex corporate failures in recent history. This panel will bring together leading practitioners who played central roles in the FTX bankruptcy and litigation. Together, they will explore the challenges of untangling FTX’s collapse, the competing perspectives of debtors and creditors, the novel litigation strategies being tested in court, and the broader regulatory and governance lessons for the crypto industry.

This lunch event was part of the Harvard Law School Blockchain & FinTech Initiative’s lunch panel series, a student-focused program that brings together regulators, industry leaders, and academics to discuss emerging issues in financial technology and digital asset regulation. View our other events here.

Speakers

Andrew Dietderich headshot

Andrew Dietderich

Partner, Restructuring, Sullivan & Cromwell

Bio
Andrew Dietderich is founder and Co-Head of our Global Restructuring Group and one of the leading business restructuring lawyers in the United States. Andy started S&C’s multi-disciplinary restructuring practice in 2008 and has overseen its growth and expansion in response to client demand for higher quality legal services for corporate debtors. The practice is unique among its competitors with respect to its complete integration with the rest of S&C and the use of creative solutions from outside the conventional restructuring toolbox. Chambers recognizes Andy as a “strategy genius, who is able to boil down complex concepts into things clients can easily understand.” Andy has been the lead debtor counsel for some of the most significant chapter 11 cases ever filed, including Eastman Kodak and, recently, FTX (digital assets), Kidde-Fenwal (the first “forever chemicals” bankruptcy), SVB Bank (diversified financial institution), Garrett Motion (auto), California Resources Corporation (oil & gas) and LSC Communications (printing). He also helps S&C clients purchase distressed companies (such as Chrysler and General Growth Properties) and execute out-of-court restructurings and rescue sales of every type, including in cases where bankruptcy filings were thought inevitable by other restructuring experts but ultimately avoided. Andy was born in rural Oregon and graduated Harvard College and Harvard Law School magna cum laude. He clerked for the Sixth Circuit Court of Appeals and has practiced at S&C for his entire career.
Sascha Rand headshot

Sascha Rand

Partner, Litigation, Quinn Emanuel

Bio
Sascha Rand is a seasoned litigator with a proven track record of securing exceptional results across a broad range of complex, high-stakes, matters involving financial instruments and institutions, bankruptcy, antitrust, and hedge fund-related litigation. Throughout his practice, Mr. Rand, who is currently serving as Special Counsel to the FTX Debtors, has been responsible for multi-billion dollar litigation actions and recoveries on behalf of debtors, trustees, and creditors against financial institutions, auditors and other professionals in numerous high-profile restructuring matters including Enron, Parmalat, Refco, Lehman Brothers, and Caesars.
Dennis O’Donnell headshot

Dennis O’Donnell

Partner, Restructuring, DLA Piper

Bio
Dennis O’Donnell has extensive experience in corporate reorganization and bankruptcy-related litigation matters. He represents debtors, lenders, official and unofficial committees, significant creditors, equity holders, examiners, and acquirors in chapter 11 cases, chapter 15 cases, loan restructurings and out-of-court workouts. He has played significant roles in some of the largest and most complex chapter 11 cases of the past 30 years, including Maxwell Communications, Olympia & York, Enron, Refco, Lehman Brothers, TOUSA, Arcapita, Momentive, ResCap, Relativity, LightSquared/Ligado, and Avianca. He has also written and spoken extensively on current chapter 11, chapter 15, real estate foreclosure and enforcement, and broker/dealer liquidation issues and developments. Dennis has appeared in federal courts throughout the US, including before the United States Supreme Court, the Second Circuit of Appeals, the Third Circuit of Appeals and numerous district and bankruptcy courts.
Professor Allen Ferrell headshot

Professor Allen Ferrell Moderator

Harvey Greenfield Professor of Securities Law

Bio
Allen Ferrell is the Greenfield Professor of Securities Law at Harvard Law School. He is also a faculty associate at the Kennedy School of Government, chairman of the Harvard Advisory Committee on Shareholder Responsibility, and a research associate at the European Corporate Governance Institute. He was previously on the Board of Economic Advisors to the Financial Industry Regulatory Authority (FINRA), a research fellow at FINRA, and a member of the ABA Task Force on Corporate Governance. He has written widely on capital market regulation, securities litigation and corporate governance. His representative publications include “Thirty years of shareholder rights and firm valuation” forthcoming in the Journal of Finance (with Martijn Cremers), “Forward-casting 10b-5 Damages: A Comparison to other Methods,” 37 Journal of Corporation Law 365 (with Atanu Saha) and “Mandated Disclosure and Stock Returns: Evidence from the Over-the-Counter Market,” 36 Journal of Legal Studies 1. He received his Ph.D in economics from MIT, his J.D. from Harvard Law School and his BA and MA from Brown University. He clerked for Judge Silberman on the United States Court of Appeals for the District of Columbia and Justice Kennedy of the Supreme Court of the United States.

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