The terms of the settlement are contained in a settlement agreement among Halloran & Sage LLP, Mr. Roberts, and Michael Goldberg as Liquidation Trustee on behalf of the Trust.
Under the agreement, the Trust has agreed to dismiss its claims against Halloran & Sage LLP and Mr. Roberts in exchange for the remaining amount of the law firm’s applicable liability insurance policies.
Such amount is expected to result in proceeds to the Trust of approximately $13 million, net of attorneys’ fees and other litigation expenses.
The settlement is subject to the California Superior Court granting a motion by Halloran & Sage LLP for a court order finding that the settlement has been made by the
parties in good faith. Payment of the settlement amount is due within 21 days of such order being entered.
The above was announced last month; I haven’t been able to determine if this results in any net dollars to the trust account for us or not. If someone knows more on this please comment.
You can read the full text here https://woodbridgeliquidationtrust.com/selected-sec-filings/
There is also a pending settlement against Kenneth Halbert for $4 million dollars payable August 15th. Go to the Woodbridge website for details.
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thanks for this!
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https://woodbridgeliquidationtrust.com/selected-sec-filings/
are you referring to this SEC site or is there another one?
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Thank you for the updates you have provided.
So correct me if I am wrong that all of the trust assets have been liquidated and distributed.
What do we do with the Woodbridge shares? I can’t imagine why anyone would want to buy them.
Thanks.
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Nope, they still have (I believe) 2 properties to liquidate. If someone knows better – plz comment.
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