Andrew Sacks and John Weston, name partners of now bankrupt Sacks Weston LLC, are living “like millionaires” and looking to avoid fulfilling their personal guarantees on $14 million now owed on a loan made by litigation funder Virage Capital, according to the latest filings on the firm’s Chapter 11 docket.
Houston-based Virage also alleges that Sacks fraudulently transferred collateral funds and sought to fraudulently sell the firm’s interest in its ongoing opioid litigation cases, supposedly the only matters of value left for the firm, which also serve as collateral for Virage to collect upon.
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