A liquidating trust for FTD Cos. Inc. has settled with Omni Agent Solutions Inc. for $8.75 million after accusing the bankruptcy claims noticing agent of “jaw-dropping inattentiveness” to $16.7 million of losses from fraudulent wire transfers.
The settlement will help clean up an “unprecedented cyber fraud” and allow the trust to efficiently administer its remaining obligations to creditors, GUE Liquidation Cos. Inc. said in a Dec. 31 motion for the U.S. Bankruptcy Court for the District of Delaware to approve the agreement.
GUE sued Omni and related parties in July, a few months after the trust was charged with distributing ...
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