The final Zhunrize defendant holding out has settled with the Receiver.
Todd Spencer was named as a clawback defendant within the Zhunrize Receiver’s $2.8 million Vodaware lawsuit.
By means of Vodaware, Spencer is believed to have acquired upwards of $350,000 in stolen Zhunrize investor funds.
Our final replace on Spencer’s clawback litigation was in February, whereby it appeared Spencer was dragging his toes on settlement.
Particularly, Spencer had failed to supply the Receiver with requested discovery.
In an April twenty fourth movement requesting dismissal of the Vodaware lawsuit, the Zhunrize Receiver disclosed he
has now entered right into a Settlement Settlement with the only remaining Defendant, Jeffrey Todd Spencer.
Particulars of the settlement haven’t been made public.
Spencer’s settlement brings an finish to the Vodaware clawback litigation. The case was formally terminated by order on April twenty sixth.
Spencer’s settlement was the ultimate process pending completion by the Zhunrize Receiver.
Following the return of $41.2 million to Zhunrize victims, we count on an announcement relating to completion of the Receivership shortly.