On June 9, 2023, Judge Dorsey denied a March 29, 2023 motion by the Joint Provision Liquidators (the “JPLs”) of FTX Digital Markets, Ltd. – FTX’s Bahamian entity created in 2021 — seeking an order that the automatic stay under 11 U.S.C. 362 does not apply or, alternatively, lifting the stay to…

On May 30, 2023, FTX Trading Ltd. and its affiliated debtor entities (the “FTX Group”) filed the FTX Group’s Fifth Interim Financial Update for the period from April 1, 2023 to April 30, 2023 (the “Financial Update”).  The Financial Update reports that the FTX Group has recovered and holds $2.039 billion in cash…

Entwistle & Cappucci LLP (“Entwistle & Cappucci”) and Saxena White P.A. (“Saxena White”) announced that their ongoing investigation has led to the filing of a class action complaint against Toronto-Dominion Bank (“TD Bank”) and several of its officers on behalf of all persons or entities that purchased or otherwise acquired securities of…

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…