November 11: We are nearing the final stages of the Administration which has included notifying claimants of deficiencies in their original claims package, giving them an opportunity to address those deficiencies, considering supplemental materials permitted to be filed to resolve deficiencies, providing notice of decisions and considering objections to those decisions.
As per the terms of the Settlement Agreement, the calculation of Primary Claim and Derivative Claim entitlements can only be determined once all eligible claims are known after resolving all objections and appeals. As of this date, we expect the distribution of funds to approved claimants to occur before December 31, 2015. There are, however, many steps remaining in this process and delays may occur in order to ensure the quality and integrity of the process.
Further updates will be provided once the timing of the distribution is finalized.