Magistrate Recommends Approving Trustee Request For $24M Insurance Policies Sale

Mealey's (February 7, 2023, 1:44 PM EST) -- FORT LAUDERDALE, Fla.  — A Florida federal magistrate judge issued a report and recommendation to approve a liquidating trustee’s motion for the $24 million sale of trust policies and a settlement between the trust and the trust investment manager Acheron Capital Ltd., finding that if the court does not keep jurisdiction after the sale is finalized, its order should include a provision that the trustee and purchaser must agree on a nonjudicial forum to resolve disputes related to the costs of liquidation....