The Receiver has filed a motion to ask the Court to allow an interim partial distribution to investors (see Court Orders and Filings). This would be the second distribution to all investors with Court approved claims. Once an Order is issued by the Court, it will be the Receiver’s intention to mail checks as soon as possible.
After the remaining claims and outstanding issues are resolved, the Receiver will seek approval from the Court for a final distribution of sale proceeds.
Also, the Court recently approved the 8th & 9th motions to allow claims. The 10th motion has now been filed, including the claims of about 55 investors.