Case Status - May 1, 2013
Adelphia Victim Fund
The Department of Justice recently directed that the balance remaining after the initial distribution should be redistributed to victims of the Adelphia fraud. The Special Master has completed the redistribution of residual funds and the Adelphia Victim Fund has now been fully distributed. The small residual amount of $3 million was distributed to victims who 1) cashed their first distribution check; 2) were eligible to receive the minimum payment of $10; and 3) had not already received the current cumulative pro rata distribution of 19.81094% of their current Eligible Loss Amount.
Any check not negotiated within 90 days will be voided, and the related claim will be extinguished. If you receive a redistribution payment and you require a replacement check for any reason, please contact us immediately. You should also consult your tax adviser to determine the tax consequences to you, if any, of this distribution.
Adelphia SEC Fund - 02 Civ. 5776 (PKC):
The U.S. District Court has approved the distribution of the Adelphia SEC Fund, which was established by the SEC from settlement
recoveries from others who were alleged participants in the Adelphia securities fraud. The distribution of funds commenced January 4, 2013 and will
be completed by February 1, 2013.
All checks will expire 90 days from issuance. Any check that is not cashed prior to the stale date will
become void, and the underlying claim will be extinguished. Please contact us IMMEDIATELY if there are any problems with your check, as the
same stale date will apply to any reissued or replacement checks. PLEASE DO NOT DELAY IN CASHING YOUR CHECK OR ADVISING US OF ANY PROBLEMS.
The distribution protocol governing the ASF provides that claims that would receive a payment of less than $10 would not be eligible for a recovery.
This provision is consistent with AVF and was approved for ASF by the U.S. District Court.