Judge Approves $7M Judgment in Mastro Case

U.S. Bankruptcy Court Judge Marc Barreca has entered a $7.1 million judgment against Seattle real estate developer Michael R. Mastro. Mastro also has agreed to pay the trustee's costs and attorneys’ fees for the proceeding.

The ruling ends the bankruptcy trustee's dispute with Mastro over assets that the trustee claims were shielded from creditors, but does not end the trustee's lawsuits against Mastro's son, wife and business associates that amount to more than $20 million.

The judgment was first proposed by Mastro’s guardian ad litem Faith Ireland last week. Ireland became Mastro’s guardian after the 86-year-old developer was incapacitated by a severe head injury suffered in a fall at his Palm Desert home in February.

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Judge Approves $7m Judtment vs Mastro

See Also:
Mastro Bankruptcy Trial Opens With Offer to Settle

Mastro Case: Judge Says Guardian Can't Be Paid With Funds for Creditors