Woodbridge Liquidation Trust settles litigation with Rome McGuigan for $5M, expects ~$3.3M net proceeds

Woodbridge Liquidation Trust

Settlement amount $5M; expected net proceeds to Trust ~$3.313M after legal fees and expenses.
Resolves claims against Rome McGuigan P.C. and attorney Brian Courtney for aiding and abetting securities fraud and professional negligence.
Settlement subject to California Superior Court good-faith order; payment due within 30 days after order entered.
Claims against other defendants in the Actions are not released; no assurance of comparable recoveries.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Woodbridge Liquidation Trust entered into Settlement Agreement and Mutual Release with Rome McGuigan P.C., Mr. Courtney valued at $5,000,000 (effective 2023-11-10).

Action: entry
Agreement: settlement
Counterparty: Rome McGuigan P.C., Mr. Courtney
Value: $5,000,000
Effective: 2023-11-10

Exact text from the filing

As of November 10, 2023, Woodbridge Liquidation Trust (the “Trust”) entered into a definitive written agreement to settle its pending litigation against the defendant law firm Rome McGuigan P.C. and attorney Brian Courtney

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Woodbridge Liquidation Trust filing history →

Source: SEC EDGAR

accession 0001140361-23-053511

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