Highest-materiality recent filing
Woodbridge Liquidation Trust extends termination date to 2030 due to construction defect claim
Amendment No. 7 extends outside termination date from Feb 15, 2027 to Feb 15, 2030, subject to court approval.
Final distribution of ~$4.1M to Qualifying Victims, approx. $4.65 per $1,000 of Net Qualifying Victim Claims, payable from Dec 20, 2024.
Woodbridge Liquidation Trust settles claims for $5M cash; net proceeds ~$3.3M
Settlement Agreement with Haight Brown & Bonesteel and Ted Handel resolves aiding and abetting claims in Goldberg v. Halloran & Sage case.
Settlement with Davis Graham & Stubbs LLP and S. Lee Terry Jr. for $25.5M; net to Trust ~$17M after legal fees.
Woodbridge Liquidation Trust settles fraudulent transfer claims for $4M cash
Settlement agreement dated June 27, 2023; Trust to receive $4M cash by Aug 15, 2023.
Woodbridge Liquidation Trust sells last single-family home for $26M in cash
Sold 638 Siena Road, Los Angeles, CA for $26M cash on March 30, 2023.
Cancelled agreement to sell last single-family home in Los Angeles, California.
Woodbridge Liquidation Trust sells LA property for $58.5M; terminates $25M credit line
Completed sale of residential property at 642 St. Cloud Road, Los Angeles, CA for $58.5M cash to a private entity.
Aggregate cash distribution of $40 million on Class A Liquidation Trust Interests, equating to $3.44 per interest.
Woodbridge Liquidation Trust declares $40M cash distribution ($3.44 per Class A Interest)
Aggregate cash distribution of approximately $40 million on Class A Liquidation Trust Interests.
Woodbridge Liquidation Trust settles litigation with Comerica Bank for $54.5 million
Comerica Bank to pay $54.2M to settle California class action and $300K to settle Delaware adversary proceeding.
On March 5, 2024, the Supervisory Board (the “Board”) of Woodbridge Liquidation Trust accepted the resignation of Terry R. Goebel as a member of the Board.
On April 28, 2023, Richard Nevins tendered his resignation as a member of the Board of Managers and will be resigning as a member of the Board of Managers of the Wind-Down Entity and each of its direct and indirect subsidiaries effective April 29, 2023.
On November 30, 2022, Frederick Chin gave notice of resignation as Chief Executive Officer of the Wind-Down Entity and notice of termination of his employment under his Part-Time Employment Agreement with the Wind-Down Entity (the “Chin Agreement”), with such resignation and termination of employment to be effective as of December 31, 2022.
On November 30, 2022 the WDE Board appointed Marion W. Fong as the Wind-Down Entity’s Chief Executive Officer, effective January 1, 2023.
On November 30, 2022, the WDE Board removed Mr. Kemper as the Wind-Down Entity’s Chief Investment Officer, effective as of December 31, 2022.
the Company has entered into a Part-Time Employment Agreement dated as of September 1, 2022 with its chief executive officer Frederick Chin.
Max materiality 0.80 · Median 0.50 · Most common event other_material