Bankruptcy: Beneficient
Form Type: 8-K
Filing Date: 2025-06-17
Corporate Action: Bankruptcy
Type: Update
Accession Number: 000164117225015332
Filing Summary: On June 17, 2025, Beneficient announced that the Bankruptcy Court for the Southern District of Texas approved a settlement agreement resolving all claims in the GWG Litigation against the company and its related parties. This settlement follows a binding agreement established on March 10, 2025, and is subject to a 14-day appeal period. It resolves claims without any admission of fault. Additionally, other related claims remain unresolved against parties associated with Beneficient's founder, which the company continues to defend vigorously.
Additional details:
Date Of Report: 2025-06-17
Bankruptcy Court: Southern District of Texas
Gwg Litigation Details: All claims resolved in the GWG Litigation against Beneficient Parties.
Settlement Status: Final, subject to appeal period
Previously Announced Settlement Date: 2025-03-10
Claims Ongoing: Claims against other parties related to GWG still outstanding.
Comments
No comments yet. Be the first to comment!