October 18, 2018
A battle is brewing in the litigation over The Woodbridge Group of Companies' Chapter 11 plan concerning the pro hac vice admission in Delaware of an attorney representing a group of noteholders who oppose the plan, as unsecured creditors claim he violated ethical rules by not properly disclosing conflicts that exist among his clients.
October 12, 2018
A group of real estate investors objected Thursday to The Woodbridge Group of Companies' Ch.11 liquidation plan in Delaware, claiming creditors are not treated equally and that the plan improperly seeks to eliminate certain secured creditors' claims.
September 17, 2018
The Woodbridge Group of Companies received bankruptcy court approval Monday in Delaware to enter into a consent order with Arizona regulators calling for a $3.5 million restitution payment to investors in that state duped into investing in the company's Ponzi scheme.
August 31, 2018
Woodbridge filed an objection on Thursday to the $14 million wrongful termination claim asserted by a former employee who said she was mistreated for being a transgender woman, saying the claim seeks unreasonable damages and should be subordinated amid the company's Chapter 11 proceedings.
August 14, 2018
A group of Woodbridge Group noteholders on Monday urged the Delaware bankruptcy court to reject Woodbridge's Chapter 11 plan disclosures, saying they don't take into account the potentially tens of millions in secured and administrative claims the noteholders say they hold.
August 10, 2018
A group of noteholders of the Woodbridge Group of Companies LLC says the debtor's proposed plan disclosure statement is impermissible because it would seek to solicit creditors with potential class claims relating to a Ponzi scheme run by the debtor to assign those claims to a plan litigation trust.
August 08, 2018
Acknowledging a possible lack of precedent, a Delaware bankruptcy judge on Wednesday approved procedures for "distressed lending" to alleged Ponzi scheme noteholders trapped in The Woodbridge Group LLC Chapter 11, with up to $215 million in note-backed loans possible.
July 12, 2018
Investors in the alleged Woodbridge Ponzi scheme asked the Delaware bankruptcy court Thursday to allow them to set up a $215 million loan facility to keep some of the noteholders afloat until the company's bankruptcy is resolved.
June 05, 2018
Buyers of the bankruptcy claims of investors in the Woodbridge Ponzi scheme are asking the Delaware bankruptcy court to reject Woodbridge's attempt to prevent the transfers, saying the noteholders should be allowed to sell.
May 21, 2018
Investors in the Woodbridge Ponzi scheme have asked the Delaware bankruptcy court overseeing Woodbridge's liquidation to let them propose their own Chapter 11 plan, which they say will address head-on "the $800 million question" of whether they are secured.