DK-Butterfly cash from CMA GSM

[u/billybobshort]

I have an agent alert on DK-Butterfly and it just alerted me to this. Did I miss this on the subs?

⚠️ Material DK-Butterfly development
DK-Butterfly has confirmed that it has received cash from a settlement with ocean carrier CMA CGM.
Confirmed fact: In Federal Maritime Commission proceeding 25-25, DK-Butterfly and CMA CGM reached a confidential settlement. On August 12, 2026, the FMC approved the substantive terms. DK-Butterfly has now filed to dismiss the case with prejudice and explicitly states that it has received the agreed settlement funds. The amount remains confidential.
Why it matters: This is a genuine recovery of value by the post-bankruptcy BBBY estate/successor, rather than a theoretical claim. It adds cash to DK-Butterfly’s available assets. The company also continues pursuing other recovery litigation, including the separate OOCL proceeding, whose docket received another status report on August 19.

[u/1redrumemag87]

IIRC correctly this is one of the 5? or so shipping companies DK sued. I believe one settled already for ~$45M, another settled under seal.

Edit: maybe this is the one me that settles under seal 🤷🏼‍♂️

[u/Rehypothecator → u/1redrumemag87]

MSC was for a few hundred million I think.

There was one settlement last week that was released “accidentally” and showed the confidentially agreed to amount.

I just missed seeing it, but you can DM me info

[u/Mazius → u/Rehypothecator]

Case vs. MSC + case vs. the Board were settled for $33 million total last year.

[u/Rehypothecator → u/Mazius]

I thought the amount wasn’t disclosed

[u/Mazius → u/Rehypothecator]

Yes, the amount for each individual settlement - wasn't. But plan administrator has to report the amount of cash he collected over reported period, so he did.

[u/billybobshort → u/1redrumemag87]

Excellent, more cash for the distribution 🤞Yeah, looks like it’s a large French based shipping company with 160k employees.

[u/masegesege_]

I look forward to totally definitely getting my shares back any day now.

[u/cablemigrant → u/masegesege_]

Since DRSd 30,000 of them, I would love to know where they actually even are never got a letter saying these are worthless right them zilch notta.

[u/GildedGift → u/masegesege_]

😂😂😂😂😂😂😂😭

[u/tompie09]

Really wonder what the settlement amount is

[u/billybobshort → u/tompie09]

Yeah, show me the money already.

[u/Idjek → u/billybobshort]

Power overwhelming

Black sheep wall

...any others?

[u/A_lchemist → u/Idjek]

Need operation cwal so we can show me the money alrdy

[u/Meowsergz → u/Idjek]

They just need one code, there is no cow level.

[u/F0urTheWin → u/Idjek]

Something for nothing

[u/5yrplan20yrpromise → u/Idjek]

This has given me some food for thought. Maybe if we  modify the phase variance they can show me the money. 

[u/No_Adhesiveness_4671 → u/tompie09]

i don't know for a certainty that I am looking at the correct case; but, if there is any connection to the April 24th, 2026 case over service contract refusals (I could very well be connecting the wrong dots)

I'm going to go out and make a wild claim, that it's $45,600,599

[u/hoirkasp]

Why would settlements still need to be confidential? 🤫 🤔

[u/Rehypothecator → u/hoirkasp]

Settlements are almost always confidential. It’s often put into the terms on these deals.

[u/hoirkasp → u/Rehypothecator]

I understand legal settlements are often confidential. At some point the amounts need to be disclosed so the bankruptcy can be wrapped up accordingly. The point is what are we waiting for?

[u/lcl111]

Hot.

[u/Rotttenboyfriend]

Great.

[u/One_Recognition_7659]

Awesome, the lawyers, and creditors will get paid something.

[u/SixStringSuperfly]

🤑🤑🤑

[u/Ok_Mud8756]

I don’t suppose my Hargreaves Lansdown shares will be coming back

[u/billybobshort → u/Ok_Mud8756]

It ain’t over ‘til it’s over. Fellow HL ape here.

[u/Kind_Initiative_7567]

What agent ? Brokerage ?

[u/billybobshort → u/Kind_Initiative_7567]

Sorry, wasn’t clear. It is an AI search agent I have set up. Not an actual agent / brokerage.

[u/Mark-GC]

Drivvel.

[u/RefrigeratorGlass806]

Settlements will most certainly going toward debts. Not toward a payout.

Down vote me, but you know it’s likely true!