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 ...