Announcements
On April 8, 2024, The Court granted the Receiver’s motion requesting approval to make a second interim distribution to investors with allowed claims. A copy of the Order is available here. Second interim distribution checks were mailed to claimants entitled to receive them on April 30, 2024.
On February 28, 2024, the Receiver filed a motion seeking approval to make a second interim distribution to investors with allowed claims. A copy of the Receiver’s motion is available here. The Receiver is seeking permission to make an interim distribution of approximately $9 million as set forth on Exhibit 1 attached to the motion, which would provide claimants entitled to participate in the distribution approximately 15.76% of their allowed amounts. The proposed second distribution would bring the total recovery for claimants participating in both distributions to approximately 33.28% of approved amounts. On March 22, 2024, the Honorable Magistrate Judge Sean Flynn recommended that the Court grant the Receiver’s motion. A copy of the Report and Recommendation is available here. If the Court approves the Report and Recommendation, the Receiver will make every effort to promptly send distribution checks by U.S. Mail. This website will be updated once the Court enters an order.
Receiver’s Motion to Approve Second Interim Distribution. Click here to view motion.
Click here to view court document.
Please be advised that the first interim distribution checks dated April 6, 2023 expire on August 4, 2023. If you do not deposit or cash a distribution check you received before August 4, 2023, you will no longer be able to do so. As stated in the letter accompanying the check and in the motion approved by the Court, after this date the check will be null and void and the money will revert to the Receivership to be distributed among all claimants entitled to receive a distribution in the next interim distribution. If you have any questions, you may contact Amanda Stephens at astephens@guerraking.com or (813) 347-5120.
