You recently were mailed a notification about a class action lawsuit because you are an investor in LifeTime Capital, Inc. Our office has received many calls from investors with questions about the notification and answers to those questions are provided below:
If you have already filed a claim with the Receiver (many of you filed claims as early as 2005), AND you have received an initial partial distribution either in November 2006, or sometime in 2007, there is no need to file another claim. If you have filed a claim but did not receive a distribution, please contact our office immediately.
There are still hundreds of investors that have NOT filed claims. If you never filed a claim, please contact our office for claim forms and submit the claim as soon as possible.
It is likely that the settlement from this class action will be included in a future distribution. A separate distribution is not anticipated; however, these matters may be decided at the July 31, 2007 hearing.
If you are a Jordan investor, you are included in the “Class” and have been notified as such. However, when you signed the Mutual & Reciprocal Release, and received your payment from the Receiver, you were considered “paid in full”. You will not be entitled to any of the funds recovered as a result of the class action.