LITIGATION TRUST
MICHAEL GOLDBERG, TRUSTEE
Michael Goldberg was appointed pursuant to the Debtors Joint Second Modified Plan as Trustee of the GWG Litigation Trust. Michael is responsible for investigating and prosecuting potential claims owned by the Litigation Trust against third parties who may have contributed to GWG’s failures.
Effective as of August 1, 2023, the GWG Litigation Trust was formed to investigate and prosecute potential claims owned by the Litigation Trust against third parties who may have contributed to GWG’s failures. These actions were referred to in the bankruptcy case as the “Retained Causes of Action” [see link]. The Litigation Trustee hired highly respected counsel on a contingency basis to represent the Litigation Trust. The Trustee and counsel are investigating potential claims. At this point in time, it is simply too early to determine what, if any, money will be recovered by the Litigation Trust. However, Mr. Goldberg assures you that he and his counsel are thoroughly investigating these potential causes of action to be pursued for the benefit of the beneficiaries of the Trust of the Wind Down Trust.
SETTLEMENT INFORMATION
Michael Goldberg, GWG Litigation Trustee filed has filed motions seeking approval from the Bankruptcy Court of four proposed settlements.
What does this mean to you as a former bond holder and current GWG Series A WDT Interest holder in the GWG Wind Down Trust? PLEASE click on SETTLEMENTS webpage to view information about the settlements. You will also find links to all of the motions, settlement agreements, and supporting information filed with the Bankruptcy Court.

GWG Litigation Trustee Court Filings
- Order Approving Settlement with D&O Defendants
- Order Approving Settlement with Whitley Penn
- Order Approving Settlement with Sabes Defendants
- Order Approving Settlement with Mayer Brown
- Order Approving Entry of Bar Order
- Second Amended Notice of Hearing June 13, 2025 Hearings at 9:00 a.m. CST
- GWG Litigation Trustee’s Supplemental Notice of Proposed Settlements
- Notice of Hearings of Proposed Settlements June 3, 2025 at 9:00 a.m.
- GWG Wind Down Trust Budget
- Second Supplemental Exhibit – Estimated Distribution Notice and Model
- Estimated Distribution Model Best Case for L Bond Holders
- Q&A – D&O and Other Settlements
- Notice of Hearings
- Supplemental Exhibit to Litigation Trustee’s Motions for Entry of Orders Approving Settlement Agreements
- Notice with Regards to Exhibits
- Motion to Approve Settlement Agreement with Mayer Brown and Exhibits
- Motion to Approve Compromise Under Rule 9019 with Sabes Defendants and Exhibits
- Motion to Approve Compromise Under Rule 9019 with Whitley Penn and Exhibits
- Motion of Litigation Trustee and Settling Defendants for Entry of Bar Order in Connection with Settlement of Adversary Proceeding
- Motion to Approve Compromise Under Rule 9019 with Certain D&O Defendants and Exhibits
- GWG Litigation v Holland & Knight LLP Complaint
- GWG Litigation v Foley & Lardner LLP Complaint
- GWG Litigation Trust v Sabes et al Complaint
- GWG Litigation Trust v Heppner et al Complaint
- 2024 01 04 Litigation Trustee’s Letter
- Amended & Restated Litigation Trust Agreement
- Retained Causes of Action