Case Status - May 1, 2012
The Special Master has commenced the distribution of funds to eligible investor-victims and should conclude the distribution during the
next two weeks. Please see the United States Attorney’s Office, Southern District of New York press release here.
All checks must be cashed within 90 days of issuance. Any check not negotiated within 90 days will become void and will
not be replaced. This deadline also applies to reissued checks. If there is any problem with your check, or if you require a replacement check for any
reason before the stale date, please contact the AVF immediately.
Because the total amount of funds available is insufficient to fully compensate the victims of the Adelphia fraud, all eligible victims
will receive a pro-rata share of the Fund based on their eligible loss amount.
The checks currently being issued do not include an anticipated future distribution from the Adelphia SEC Fund, which was established by
the United States Securities and Exchange Commission from settlements with other participants in the Adelphia securities fraud. That distribution will be
made separately to eligible victims. We expect to be able to commence distribution of the Adelphia SEC fund in the near future, once the Securities and
Exchange Commission obtains Court approval.
Please note:
Should the aggregate value of the recompense you receive for your loss from any source whatsoever (including remission, civil judgments,
insurance, or restitution payments) ever exceed your total eligible loss amount, you must return to the Department of Justice Assets Forfeiture Fund any
such excess up to the amount of the remission received.