The statement is overwhelmingly supported by multiple, highly authoritative legal news publications. Top-tier sources like Law360 and Law.com directly and explicitly report that Fenwick & West has reached an agreement to settle with FTX users. The language used across the sources—such as 'formally agreed to settle,' 'working toward a settlement,' and 'proposed settlement'—is fully consistent with the claim of a 'preliminary settlement,' which implies an agreement between parties that is pending final court approval.There is a strong consensus across all provided evidence, with no contradictions. Even sources with lower authority or those that mention the settlement in passing corroborate the reports from the primary legal news outlets. The consistency and high credibility of the primary sources provide a high degree of confidence that the statement is true.