April 16, 2015 - Message from the Receiver

Message from the Receiver – April 16, 2025 

The Receiver and his staff are approximately 85% complete with the analysis and verification process of all submitted Proof of Claim forms. Once complete, the Receiver will file a motion and recommendation to the United States District Court for consideration and approval of an appropriate distribution plan and process. Once this motion is made, all those that filed a Proof of Claim Form will be advised of the process, calculation and recommended distribution amount. A hearing to approve the Motion for Distribution will be held. Once the United States District Court considers any objections, and if the plan for distribution is approved, payments will commence. The timetable for this activity is uncertain, but the Receiver and his staff are continuing to work diligently to reach this endpoint.