On August 3, 2023, at the recommendation of the Liquidation Trustee, the Trust suspended the making of additional Trust distributions pending the result of the investigation of a construction defect claim asserted against one of the Wind-Down Subsidiaries by the buyer of one of the subsidiary’s single-family homes.
Since its inception, the Wind-Down Entity has made substantial progress toward completion of its liquidation activities and has liquidated all but two real estate assets with a
net carrying value of approximately $0.77 million. Holders of Liquidation Trust Interests are advised that future distributions from the Trust, if any, will be limited and will be
materially reliant on future recoveries from litigation, net of accrued liquidation costs, including amounts for potential construction defect claims, which are uncertain and the
amount and timing of which, if any, are difficult to determine.
2
The above is excerpted from page 2 and 3 of the last SEC filing; below is a link to the document if you hadn’t seen it already.
I have been trying to get some clues on the status of a distribution and/or the ‘construction defect’ issue – no luck so far. Please comment if you have some hard information on this.
Lessons Learned from the Woodbridge Scam 
This is another example of how the trustee and the Liquidating Trust is ripping off investors. The bottem line is that the longer they can keep the process going the more fees, salaries, expenses and large bonus they pay themselves. There is no reason to hold up the entire distribution ($20 to $30 million) for a simple law suit that is covered by insurance. They can simply hold back a reasonable amount to make up any amount above the insurance which certainly will not amount to millions of dollars. Giant scam!
Stephen Swafford
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any word on when we might see that Distibution from the law office they settled claim with and any word with others. We are just like others like to see this whole issue end before we pass away!
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i do NOT have a clue on this … sadly
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you are my only way of knowing anything Thank you! Any word on ligation cases or the distribution we were supposed to get in the fall that never happened. Joseph Fox topfox124@verizon.net
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A $5,000,000 legal settlement minus attorney fees was reached July 3rd. See the July 10th filing with the SEC. The trust appears to be sitting on a large sum of money, with no firm distribution plan, based on a decision to stop payments in part by a lawsuit brought by a homeowner. Better communication by the trust with regular updates would be appreciated.
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thank you for this
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