TechFlow reported that after extensive discussions with the ad hoc committee of non-U.S. customers, the Official Committee of Unsecured Creditors, and plaintiffs in class action lawsuits, the FTX debtors have reached a settlement regarding customer property claims. If approved by the bankruptcy court, the settlement agreement will establish a special "shortfall claim" to benefit customers, as previously proposed by the FTX debtors in July, and facilitate offers to eligible customers for agreed amounts. All relevant creditor representatives have agreed to support the related amended reorganization plan, which is scheduled to be filed on December 16, 2023.
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