Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Entwistle & Cappucci LLP Reports Approval of the Chapter 11 Plan of the FTX Debtors Pending Final Confirmation Order

United States Bankruptcy Approves from the Bench the Chapter 11 Plan for the FTX Debtors

Entwistle & Cappucci LLP is pleased to report that today the Honorable John T. Dorsey of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court” or “Court”) approved from the bench the Chapter 11 Plan (the “Plan”) of FTX Trading Ltd. (d.b.a. “FTX.com”) and West Realm Shires Services, Inc. (d.b.a. “FTX.US”), and their affiliated debtors (together, the “FTX Debtors”), pending the Court’s final review of the proposed confirmation order. Included in the approved Plan is the Customer Priority Settlement announced in October 2023, which will, along with other aspects of the Plan, enable eventual distributions to FTX.com and FTX.US customers of as much as 140% of their approved customer claims. This result would not have been possible without the substantial efforts and cooperation of the FTX Debtors, and in particular CEO John Ray and the Board, the Official Committee of Unsecured Creditors and the Ad Hoc Customers Committee.

Entwistle & Cappucci LLP is continuing with the Adversary Class Action on behalf of customers in the Bankruptcy Court, Onusz et al. v. West Realm Shires, Inc. et al., Adv. Pro. No. 22-50513, against Samuel Bankman-Fried and the other insiders named in that action, except for Caroline Ellison, with whom, together with the FTX Debtors, we recently entered into a settlement that should result in substantial benefits to customers and the estates.

About Entwistle & Cappucci LLP

Entwistle & Cappucci LLP is a national law firm providing exceptional legal representation to clients in the most complex and challenging legal matters. Our practice encompasses all areas of litigation, corporate transactions, bankruptcy, insurance, corporate investigations, and white-collar defense. Our clients include public and private corporations, major hedge funds, public pension funds, governmental entities, leading institutional investors, domestic and foreign financial services companies, emerging business enterprises and individual entrepreneurs.

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