Wells Fargo Deal Would End QOC's Ch. 11 Case

Law360, New York (November 15, 2010, 4:24 PM EST) -- Life insurance investment company QOC I LLC has asked the court overseeing its bankruptcy proceedings to approve a settlement with Wells Fargo Bank NA that would wrap up QOC's Chapter 11 case and send substantially all QOC's assets to a Wells Fargo affiliate.

QOC filed its motion for approval of the asset sale and settlement in the U.S. Bankruptcy Court for the Southern District of Florida on Friday.

QOC owes Wells Fargo more than $140 million, according to the motion. QOC says it owns 283 life...
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