On March 15, 2023, Sam Bankman-Fried filed a motion to lift the automatic stay in bankruptcy to allow FTX’s liability insurers to advance costs to Mr. Bankman-Fried to defend the criminal and civil cases against him (including Onusz v. West Realm Shires Inc., et al., Adv. Pro. No. 22-50513 (JTD)). Along with…

On February 15, 2023, Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware held a hearing in which he denied a motion filed by United States Trustee Andrew Vara in favor of appointing an independent examiner to investigate FTX. During the February 15th hearing, Judge Dorsey concluded…

Entwistle & Cappucci LLP (“Entwistle & Cappucci”) today announced that it has filed a class action adversary complaint against the FTX Group, its senior executives and affiliates seeking, among other things, a declaratory judgment that (i) customer property held in accounts at “FTX US” (the FTX Group’s exchange for U.S. customers) or…

This is a brief update on today’s legal developments relevant to Entwistle & Cappucci LLP’s ongoing investigation of FTX.  We continue to speak with many Customers of FTX, Genesis and other platforms with frozen accounts, as well as various entities in which FTX and Alameda had investments.  We focus only on this…

Entwistle & Cappucci LLP, a national firm specializing in complex fraud and bankruptcy litigation, led the recovery of billions of dollars for customers in connection with both the MF Global and Madoff frauds.  MF Global (where customer funds were diverted by senior management to meet failed investment bets by corporate management, ultimately…

NEW YORK, NY, July 5, 2022 — Entwistle & Cappucci LLP is pleased to announce that Founding Partner, Vincent R. Cappucci, has once again been recognized by Best Lawyers for his continued role as lead counsel in many high-profile securities class actions and corporate transaction related litigation.  The firm congratulates Mr. Cappucci…

On April 27, 2022, the Circuit Court of Florida, Eleventh Judicial Circuit, Miami-Dade County entered an Order and Final Judgment approving the $5.6 million cash settlement of the action, captioned The Arbitrage Fund v. William Petty, et al., No. 2018-004061, filed by Entwistle & Cappucci LLP against members of the founding family…

On April 13, 2022, the United States District Court for the District of Minnesota entered an Order and Final Judgment approving the $55 million cash settlement of the action, captioned In Re Resideo Technologies Inc., Securities Litigation, No. 0:19-cv-02863, filed by Entwistle & Cappucci LLP against Resideo Technologies, Inc. (“Resideo”) and certain…

A hearing will be held video-phonically via Zoom on Thursday, January 27, at 9:00 a.m., before the Honorable Wilhelmina M. Wright, United States District Judge for the District of Minnesota, to consider: (I) Plaintiffs’ Motion for Final Approval of Class Action Settlement and Plan of Allocation and for Final Certification of the…