Bankruptcy Court approves GWG litigation settlement; Beneficient resolves all claims within insurance limits

Beneficient

Bankruptcy Court approved settlement resolving all GWG-related claims against Beneficient, subsidiaries, and current/former directors and officers.
Settlement amount is within applicable insurance policy limits; no admission of fault, liability, or wrongdoing by any defendant.
Settlement is final subject to 14-day appeal period and remains subject to approval by District Court for Northern District of Texas.
Other outstanding GWG-related claims against entities related to founder/CEO remain; Beneficient holds indemnification obligations and supports defense.
Company states the settlement allows renewed focus on executing business strategy and creating shareholder value.

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