Woodbridge Liquidation Trust (WBQNL)

[Enterprising Investor]

Settlement (6/27/23)

On June 27, 2023, Woodbridge Liquidation Trust (the “Trust”) agreed to settle its pending fraudulent transfer claims against Kenneth Halbert in the pending action Goldberg v. Halbert (In re Woodbridge Grp. of Cos., LLC), Adv. No. 19-51027 (Bankr. D. Del.). The terms of the settlement are contained in a settlement agreement between Michael Goldberg, as Liquidation Trustee of the Trust, and Mr. Halbert. Under the agreement, the Trust has agreed to dismiss its claims against Mr. Halbert for the sum of $4 million, payable in cash to the Trust on or before August 15, 2023.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1785494/000114036123032118/brhc20055138_8k.htm