Jeff Marwil Confirmed as Chapter 11 Trustee for Life Fund / A&O Bankruptcies

CHICAGO, March 9 /PRNewswire/ -- On March 8, 2010, Judge A. Benjamin Goldgar of the United States Bankruptcy Court in Chicago confirmed a creditors' election of Jeff Marwil as chapter 11 trustee in the consolidated cases of Life Fund, 5.1 LLC; Life Fund, 5.2, LLC; Houston Tanglewood Partners, LLC; A&O Resource Management, LP.; A&O Life Fund, LLC; A&O Bonded Life Assets, LLC; and A&O Bonded Life Settlement, LLC, overruling the objections of the U.S. Trustee's Office and of the original chapter 11 trustee, Patrick Collins, who was appointed by the U.S. Trustee's Office at the beginning of the bankruptcy case. Jeff Marwil is an attorney with Proskauer, Rose in Chicago.    

The cases involve over 722 investors in bonded, life settlement contracts who appear to have been defrauded in their investment.  The bankruptcy estates, however, include sizeable interests in life insurance policies.  Most of the investors live in Texas.  

The election of Mr. Marwil was invoked and won by a Group of Investors represented by Houston counsel Deborah J. Fritsche and Lori Hood with the Johnson, Trent, West & Taylor law firm, and local Chicago counsel Brian M. Graham of SmithAmundsen.  Johnson Trent and SmithAmundsen are members of USLAW NETWORK, a national organization composed of over 60 independent, defense-based law firms with over 4,000 attorneys covering the United States and Mexico.

At Johnson Trent, a successful legal practice is measured by the outcomes achieved for clients. Respecting client needs and understanding their business is at the heart of what we do. It is critical to immerse ourselves in our clients' businesses – taking on complex matters in order to exceed client expectations. With more than 25 litigators, we have the depth to serve all civil litigation needs.  For more information on the firm, please visit www.johnsontrent.com.

SmithAmundsen LLC has grown to 130 attorneys with offices in Chicago, Rockford, St. Charles, and Woodstock, Illinois and Milwaukee, Wisconsin. Our attorneys share a proficiency in a broad range of practice areas.  As one of Chicago's premier firms, SmithAmundsen's success is built upon a foundation of integrity, professionalism, and a commitment to exceeding client expectations.  For more information on the firm, please visit www.salawus.com.

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Brian Graham

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SOURCE SmithAmundsen, LLC