Bankrupt QOC Wins Approval Of Wells Fargo Deal

Law360, New York (December 10, 2010, 3:34 PM EST) -- The judge overseeing life insurance investment company QOC I LLC's bankruptcy proceedings has greenlighted a settlement with Wells Fargo Bank NA that will send substantially all of QOC's assets to a Wells Fargo affiliate and wrap up its Chapter 11 case.

Judge Paul G. Hyman of the U.S. Bankruptcy Court for the Southern District of Florida signed off on an order Tuesday granting QOC's bid for approval of the settlement and asset sale, and holding that the deal was in the best interests of QOC and...
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