Beneficient announces court approval of gwg litigation settlement

Dallas, june 17, 2025 (globe newswire) -- beneficient (nasdaq: benf) (“beneficient,” “ben” or the “company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform, altaccess, today announced that the bankruptcy court for the southern district of texas (the “bankruptcy court”) has approved the previously disclosed settlement agreement resolving all claims pending in the bankruptcy court under the previously disclosed lawsuits relating to gwg holdings, inc. (“gwg” and such litigation, the “gwg litigation”) against the company, its subsidiaries, and each of their current and former directors and officers (the “beneficient parties”). the settlement agreement remains subject to the approval of the district court for the northern district of texas (the “northern district court”).
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