secwatch.observer — SEC 8-K summary
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Issuer:     Woodbridge Liquidation Trust (WBQNL)
CIK:        0001785494
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001140361-21-028049
Event type: litigation
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Woodbridge Liquidation Trust settles litigation with Comerica Bank for $54.5 million
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- Comerica Bank to pay $54.2M to settle California class action and $300K to settle Delaware adversary proceeding.
- Trust is the largest class member with ~60.9% of claims; expects ~60.9% of net class consideration.
- Settlement requires court approval; payment and distribution expected by Q1 2022 but subject to appeals and opt-outs.
- Comerica may terminate settlement if opt-outs exceed an agreed threshold of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785494/000114036121028049/0001140361-21-028049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785494/000114036121028049/brhc10027667_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-028049

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