Entries by wpequialt

Court Grants Receiver’s Request for First Interim Distribution

On October 11, 2023, the Court granted the Receiver’s motion requesting approval to make a first interim distribution of $100 million to investors with allowed claims. A copy of the Order is available here. The Receiver and his team are diligently working to promptly send out distribution checks by U.S. Mail. The Receiver will update […]

Court Grants Receiver’s Motion to Approve Determination and Priority of Claims

On July 26, 2023, the Court granted the Receiver’s Motion to (1) Approve Determination and Priority of Claims, (2) Approve Plan of Distribution, and (3) Establish Objection Procedure (“Motion”).  A copy of the Motion is available here and a copy of the order is available here. On or about August 8, 2023, the Receiver will […]