Malibu Boats settles bankruptcy claims with Tommy's Fort Worth trustee for $3.5M

MALIBU BOATS, INC.

On Oct 7, 2024, Malibu entered a Settlement Agreement with the Chapter 11 Trustee for Tommy's Fort Worth, LLC.
Malibu will pay the Debtors' estate $3.5 million in cash, subject to Bankruptcy Court approval.
Mutual releases of all outstanding claims between Malibu and the Debtors' estate are included.
Trustee will seek an order to enjoin principal owner Matthew Borisch from pursuing claims against Malibu.
Settlement is subject to approval by the Bankruptcy Court for the Northern District of Texas.

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