GWG Litigation Trustee Settles With Beneficient, Jackson Walker

GWG Holdings Inc.’s litigation trustee moved to settle with Beneficient Co. to pursue claims against former director Brad Heppner for alleged misconduct, and with several firms for $7 million over legal fees and pre-bankruptcy transactions.

Michael Goldberg, the trustee pursuing legal claims on behalf of the life insurance bond seller for the benefit of creditors, is seeking approval of a “cooperative agreement” with Beneficient, a company also controlled by Heppner, to access privileged information and coordinate efforts to pursue claims against him and related entities, according to an Oct. 3 motion filed in the US Bankruptcy Court for the Southern ...