SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and
subsidiaries (together the Company or Woodbridge), responded to
objections filed by the Securities and Exchange Commission (SEC),
stating the following:
Since the Independent Manager took control of the Company and appointed
a Chief Restructuring Officer on December 1, 2017, all fund raising was
ceased, the Chapter 11 cases were commenced to maximize value to
investors and other stakeholders, and Robert Shapiro was removed from
all Company oversight or involvement and is not receiving any
compensation from the debtor. As such, it is interes…
Read the full article at: https://www.businesswire.com/news/home/20180102005897/en/Woodbridge-Group-Companies-Responds-SEC-Objections