The VPX Liquidating Trust asked the court to approve a settlement with Brendan Abbott, Peter Fischer and Carlton Harris that would end the remaining consumer class-claim litigation. Under the class-claim settlement motion, the claimants will withdraw with prejudice their motion to reconsider the order disallowing Claim No. 617—a $500 million putative class claim—and irrevocably waive appellate, reconsideration and other recovery rights against the debtors, their estates and the Trust.

The agreement also reduces a previously allowed $500,000 administrative claim to zero and requires proposed class counsel to return $250,000 to the Trust within 30 days after executing the stipulation. Court approval would eliminate the risk and expense of further class-certification and appellate litigation while returning an earlier administrative distribution to the liquidation estate. The settlement is scheduled for an August 5, 2026 approval hearing.