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Fraud Questions Linger In Woodbridge Ch. 11 Trustee Fight

Law360, Wilmington (January 3, 2018, 10:16 PM EST) -- Attorneys lining up arguments over a U.S. Securities and Exchange Commission bid to oust Woodbridge Group’s bankruptcy team grappled Wednesday with how to stipulate the scope of the company’s alleged $1.2 billion fraud without getting bogged down in details or blowing up claims or defenses.

Concern about the case’s context — and its potential implications — surfaced during a brief prehearing conference in Delaware Bankruptcy Court on motions to appoint a Chapter 11 trustee for the case, filed by the SEC and Woodbridge’s official committee of...
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