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 construction defect lawsuit brought by a homeowner of one of the fix/flip projects completed and sold in 2022. On … Continue reading A $5,000,000 legal settlement minus attorney fees was reached July 3rd.
Income Tax Notices Are Here
Just an FYI for any that are still wondering, the Trustee's income tax info has arrived for most everyone I know on the last two mail days. If you haven't gotten yours by say Tuesday's mail ... you might need to go on the website and see that they have your address correct.
Extension of the Trustee
Recently the Trustee office issued its 10-Q https://woodbridgeliquidationtrust.com/wp-content/uploads/2024/02/AS-FILED-Woodbridge-Liquidation-Trust-Q2-2024.pdf communication stating, among other items that 1. they have right at $40 million of cash, 2. one more piece of real estate to settle, 3. still several of the law suites filed on our behalf against the various law firms, and 4. a newer development - one … Continue reading Extension of the Trustee
Extension Request
Trust is still pursuing several Liquidation Trust Actions, the prosecution of which is not expected to be completed by the Termination Date. For example, although the Trust has settled with the majority of the defendants in the Law Firm Action, significant claims against remaining defendants have not been resolved. In addition, the Liquidation Trust is … Continue reading Extension Request
No Real Update on Distributions Yet
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 … Continue reading No Real Update on Distributions Yet
$17 million Coming Our Way
On August 1, 2023, Woodbridge Liquidation Trust (the “Trust”) agreed to settle its pending litigation against the defendant law firm Davis Graham & Stubbs LLP and its partner S. Lee Terry, Jr. in the case of Goldberg v. Halloran & Sage LLP, et al., Case No. 19STCV42900 (Cal. Super. Ct., L.A. Ctny.) (the “Action”). In … Continue reading $17 million Coming Our Way
You Tell Me …
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 … Continue reading You Tell Me …
$25 Million Coming Out June 12th
Below is the announcement that came out hours ago. Hopefully more money to follow soon! Here is the link to the full story. May 11, 2023 05:34 PM Eastern Daylight Time GLENDALE, Calif.--(BUSINESS WIRE)--Woodbridge Liquidation Trust (the “Trust”) announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate … Continue reading $25 Million Coming Out June 12th
Siena Drive Sold March 30th
Here is the link to see that one more house closed for us. Just happened on March 30th. https://www.zillow.com/homedetails/638-Siena-Way-Los-Angeles-CA-90077/20526701_zpid/
One More Home under contract!
Sales/Settlement of Real Estate Assets On January 30, 2023, the Company entered into an agreement to sell its last single-family home remaining in the Company’s real asset portfolio. The closing of the sale is subject to a number of contingencies, including the satisfactory completion of the purchaser’s due diligence. No assurance can be given that … Continue reading One More Home under contract!
Lessons Learned from the Woodbridge Scam 