Emergent Capital Inc. (fka EMGCQ)

[Enterprising Investor]

Order Pursuant to Sections 105(a) and 363(b) of the Bankruptcy Code and Bankruptcy Rule 9019 for Order Approving Settlement Between Debtor White Eagle Asset Portfolio, LP, Emergent Capital, Inc., and Lincoln Benefit Life Company (6/05/19)

Lincoln Benefit issued 55 life insurance policies that are presently owned by White Eagle. Lincoln Benefit and White Eagle (for which Security Intermediary is the record owner and beneficiary on behalf of White Eagle) are involved in six separate legal actions.

The pending death claims on three policies involve $39.1 million in aggregate death benefits.

Lincoln Benefit will pay $23.3 million. Securities Intermediary (care of White Eagle) will receive $21.3 million and Emergent will receive $2 million.

Source: PACER [Docket 314]