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The Final Approval Hearing on these Individual Defendants Settlements will be held on October 19, 2023, at 11:00 a.m.,
before the Honorable Naomi Reice Buchwald, United States District Judge, at the United States District Court for the
Southern District of New York, either telephonically, via video conference or at 500 Pearl Street, Courtroom 21A, New
York, New York 10007.
What is that?
Please more details
What does it say
I got my "Confirmation of receipt of claim form" post card today for AMPN Inc. Securities Litigation Case Number No. 1:18-CV-04993 (NRB)
www.AegeanSecuritiesLitigation.com
About 18m of those shares belong to Mercuria. Hopefully those are being excluded. Those shares were created in 2018 specifically for Merc for the sham trade facility agreement. Everyone thought they were investing to help save the company, was just a ploy for them to get majority ownership and take it over.
I have 35800 shares. But probably only 1800 of those will qualify for any disbursement. I bought 34000 of them in Feb/March 2019 hoping for a decent payout after the dust settled.
Unless you were holding shares at time of trading stopped, Then no need to file but always good to cover all your bases. 53 million outstanding shares with shareholders assigned a yoec number thru their brokerage, those will be compensated first, Is my understanding since they were not able to sale shares and shares have been in escrow for future possible distribution of funds if any left over. Good luck with everyone.
I got a postcard. If you submitted a claim for the auditor settlement last year you don't need to do anything. They will retrieve your information for consideration in this one. If you didn't file before, go to aegeansecuritieslitigation.com to submit your documents. It's the same site. If you do nothing you get nothing. Deadline to file is Sept 20th 2023.
Finally… it’s been forever
$ANNWQ: Anyone here have more than 1Milly EscrowShares.
Almosttttttt there
GO $ANNWQ
The Final Approval Hearing on these Individual Defendants Settlements will be held on October 19, 2023, at 11:00 a.m.,
before the Honorable Naomi Reice Buchwald, United States District Judge, at the United States District Court for the
Southern District of New York, either telephonically, via video conference or at 500 Pearl Street, Courtroom 21A, New
York, New York 10007.
If there are objections, the Court will consider them. The Court has discretion to listen to people who have made a written
request to speak at the hearing. After the hearing, the Court will decide whether to approve either or both of the Individual
Defendants Settlements, the Gianniotis Plan of Allocation, the Melissanidis Plan of Allocation, Lead Counsel’s application
for attorneys’ fees and reimbursement of Litigation Expenses. (((((We do not know how long these decisions will take.))))
I received a new form from the securities litigation Case No. 1:18-cv-04993 (S.D.N.Y.) recently and sent all the paperwork that they requested, the deadline was 8/20/2023. The court will hold a hearing on 10/19/2023 at 11am to consider whether to approve the Individual Defendants Settlements. www.aegeansecuritieslitigation.com 1-877-888-9760
Yea been waiting 4 years that would suck if I missed out due to some technical error on my end.Thanks for responding.
Not sure, but if it's not good enough,
that would be seriously lame!
So I have a assigned YOOEC number to my brokerage account for the past 4 years, with the distribution coming soon is that good enough or do I need to go online to submit claim through the 11th district court?
Maybe I did mistake.
It looks the previous settlement was $29.8 Millions and it decreased to $11,949,999 millions and attorney fees will be about %25 from this amount😢.
I wish I do mistake,but it looks it is.
$11,949,999 Individual Defendants Settlements
$11,000,000 Spyros Gianniotis (the former Chief Financial Officer of Aegean Marine Petroleum Network (Aegean)
$949,999 Dimitris Melissanidis founder of Aegean
Total $29.8 Million
And Melissaniadis assets Value are investigating for future pay as well.
There is nothing about bankruptcy and all about classB settlement and amounts
Isn’t it categorized as per bancruptcy and post one for class b settlement?
I got a mail.
It says your submit should finish till SEP/28/2023 if still you didn’t.
Also the money for paying to stock holder class B will be around $30 million and lawyers fee will reduce from total amount.
Anybody got same mail?
Do they ever send like a check because we filled out those forms ? Or usually goes to cusips at. Rokerage
sorry, I don't know, wish I did
Me either but that is what it possibly look slike
Is this all that's left of $40M?
I'm no accountant by any means, lol
Aegean Litigation Trust
Balance Sheet
As of June 30, 2023 Accrual Basis
Jun 30, 23
ASSETS
Current Assets
Checking/Savings
Aegean LT-Disputed Cl Rsrv 5528 4,078,714.56
Aegean LT-Operating 5510 8,692,595.55
Total Checking/Savings 12,771,310.11
Total Current Assets 12,771,310.11
TOTAL ASSETS 12,771,310.11
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 86,645.75
Total Accounts Payable 86,645.75
Total Current Liabilities 86,645.75
Long Term Liabilities
Litigation Trust Loan 11,850,000.00
LT Funding Fee Payable 3,000,000.00
Total Long Term Liabilities 14,850,000.00
Total Liabilities 14,936,645.75
Equity
Disputed Claims Reserve 4,018,706.73
Funding Fee -3,000,000.00
Retained Earnings -2,813,072.07
Net Income -370,970.30
Total Equity -2,165,335.64
TOTAL LIABILITIES & EQUITY 12,771,310.11
Thanks for the response mess
But what exactly does all of this mean to us and are we close to getting paid??
Thanks again
Joe.
All of the proofs of claim filed against Aegean in its Chapter 11 Case have been either
reclassified, disallowed and expunged, allowed, settled or otherwise resolved. The Litigation Trust
is in the process of completing distributions from the Disputed Claims Reserve4 to Holders of
Allowed Aegean Unsecured Claims.
1 Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Plan.
2 Section 4.10(g) of the Litigation Trust Agreement provides that the Litigation Trust has the authority to “expunge from the
Claims Register Disputed Claims or Interests that have been paid, satisfied, superseded, or released and adjust on the Claims
Register any Disputed Claims or Interests that have been amended without having to file an objection to such Disputed Claims
or Interests and without any further notice to or action, order or approval of the Bankruptcy Court; provided, however, that
beginning at the end of the first full calendar quarter that is at least 90 days after the Effective Date, the Litigation Trustee shall
file with the Bankruptcy Court each calendar quarter a list of all Disputed Claims or Interests that have been paid, satisfied,
superseded, released, or amended during such prior calendar quarter.” Reports for prior quarters in which the Litigation Trust
addressed claims pursuant to this provision are available at the following website: https://dm.epiq11.com/case/aegean/dockets.
See Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period July 1, 2019 through September 30, 2019 [ECF
No. 659]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period October 1, 2019 through December 31,
2019 [ECF No. 660]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period January 1, 2020 through
March 31, 2020 [ECF No. 703]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period April 1, 2020
through June 30, 2020 [ECF No. 708]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period January 1,
2021 through March 31, 2021 [ECF No. 746]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the Period
January 1, 2022 through March 31, 2022 [ECF No. 775]; Notice of Litigation Trust’s Quarterly Disputed Claims Report for the
Period April 1, 2022 through June 30, 2022 [ECF No. 790].
3 Pursuant to Article VIII.B.2 of the Plan and section 4.3(b) of the Litigation Trust Agreement, the Litigation Trustee has the sole
authority to settle or compromise any Disputed Aegean Unsecured Claim without any further notice to or action, order or
approval by the Bankruptcy Court.
4 On the Effective Date, Mercuria funded the Aegean Unsecured Claims Cash Pool in the amount of $40 million. Pursuant to the
Plan, the Litigation Trust established a Disputed Claims Reserve in the amount of $4.18 million for the benefit of holders of
Aegean Unsecured Claims that were not Allowed as of the Effective Date, and Holders of Allowed Aegean Unsecured Claims
as of the Effective Date received their pro rata portion of the Aegean Unsecured Claims Cash Pool, less the amount of the
Disputed Claims Reserve. The Litigation Trust is responsible for distributing funds in the Disputed Claims Reserve to Holders
of Allowed Aegean Unsecured Claims as disputed Claims are compromised, settled, allowed or disallowed
The Litigation Trust is in the process of completing distributions from the Disputed Claims Reserve to Holders of Allowed Aegean Unsecured Claims.
Epiq 11 Alert: Aegean Marine Petroleum N. #818 - Chapter 11 Post-Confirmation Report for the Quarte on 08/22/2023 http://dm.epiq11.com/case/AES/dockets/818?debtorId=7258 Reply STOP AES to stop alerts from this case.
Epiq 11 Alert: Aegean Marine Petroleum N. #817 - Chapter 11 Post-Confirmation Report for the Quarte on 08/22/2023 http://dm.epiq11.com/case/AES/dockets/817?debtorId=7258 Reply STOP AES to stop alerts from this case.
This bk is complete as of 6/27/2023!
https://document.epiq11.com/document/getdocumentbycode?docId=4200163&projectCode=AES&source=DM
ORDERED, that the Reorganized Debtor shall reserve sufficient funds to pay the Office
of the United States Trustee the amount of any quarterly fees due pursuant to 28 U.S.C. § 1930
and any applicable interest due pursuant to 31 U.S.C. § 3717, which fees and interest, if any, shall
be paid within ten (10) days of the entry of this Final Decree. Upon the payment of such quarterly
fees, the Reorganized Debtor shall simultaneously provide to the United States Trustee a
declaration indicating cash disbursement for the quarter in which this Final Decree is entered, and
for any other relevant quarter or quarters; and it is further
ORDERED, that the Reorganized Debtor’s chapter 11 case, Case No. 18-13400, is hereby
closed.
Dated: New York, New York
June 27, 2023
s/Michael E. Wiles
HONORABLE MICHAEL E. WILES
UNITED STATES BANKRUPTCY JUDGE
Due to the large number of Reorganized Debtors in these chapter 11 cases, a complete list of the Reorganized Debtors and the last four digits of their tax identification, registration, or like numbers is not provided herein. A complete list of such information may be obtained on the website of the Debtors’ claims and noticing agent at:
http://dm.epiq11.com/Aegean
Here is very quiet
Helllllllo
Anybody?😕
I wish I had more information.
I get text and email notifications when a new docket is released then I forward to you guys hoping someone can decider the legal terminology. I want this to end and to get paid just as much as you guys.
Seems like we’re in the home stretch.
I don’t believe anyone or anything until I see the money in my account and I can immediately withdraw it.
Let’s stick together for this final leg and finish strong.
That's what i was thinking per my last post:
Grandmasim
Re: Joemags post# 6541
Wednesday, June 14, 2023 3:53:19 PM
Post#
6544
of 6580
Looks like they might be trying to finish it up/close the case?
NOTICE OF PRESENTMENT OF AEGEAN MARINE PETROLEUM S.A.’S APPLICATION FOR FINAL DECREE AND ORDER CLOSING REORGANIZED DEBTOR’S CHAPTER 11 CASE PURSUANT TO 11 U.S.C. §§ 350(a) AND 1106(a)(7), BANKRUPTCY RULE 3022, AND LOCAL RULE 3022-1
This bk is complete as of 6/27/2023!
https://document.epiq11.com/document/getdocumentbycode?docId=4200163&projectCode=AES&source=DM
ORDERED, that the Reorganized Debtor shall reserve sufficient funds to pay the Office
of the United States Trustee the amount of any quarterly fees due pursuant to 28 U.S.C. § 1930
and any applicable interest due pursuant to 31 U.S.C. § 3717, which fees and interest, if any, shall
be paid within ten (10) days of the entry of this Final Decree. Upon the payment of such quarterly
fees, the Reorganized Debtor shall simultaneously provide to the United States Trustee a
declaration indicating cash disbursement for the quarter in which this Final Decree is entered, and
for any other relevant quarter or quarters; and it is further
ORDERED, that the Reorganized Debtor’s chapter 11 case, Case No. 18-13400, is hereby
closed.
Dated: New York, New York
June 27, 2023
s/Michael E. Wiles
HONORABLE MICHAEL E. WILES
UNITED STATES BANKRUPTCY JUDGE
Due to the large number of Reorganized Debtors in these chapter 11 cases, a complete list of the Reorganized Debtors and the last four digits of their tax identification, registration, or like numbers is not provided herein. A complete list of such information may be obtained on the website of the Debtors’ claims and noticing agent at:
http://dm.epiq11.com/Aegean
what's the best way to find out how much $$$ if any is left?
will there be a docket 817 stating final financials for Shareholders share?
anyone with thoughts? joeymags/ making $$? mastabeta?
$YOOESCO15 ….. STILL ATIVE !
Escrow place Holder is still there.
HOLD ON
Our money gets stolen and Aegean profits billions with OUR money as oil prices climb to decade highs and we can’t do a thing about it.
Everyone profits from this corruption but us.
Hopefully, someday, we see some of our money back in our accounts.
That's how it works. Shareholders are always last in line and rarely ever get a dime.
Everyone in the system getting paid from this mess except for us.
Lawyers
Courts
Etc.
Let’s get this done!!
I stopped following it closely as it drug on and kept issuing extensions. Not sure on that 900 million total. Doubt there's that much still sitting there. Could be the total amount paid out in claims so far. In which case we are probably screwed.
Glad this conversation is finally jump started.
Possibly lots of money on the line here.
Also in docket 815 it list the final decree notice and also total disbursement since effective date and it shows 900mil+ and the effective date was since 04/03/2019 does that mean we accumulated 900 mill plus as disbursement ??
And wat does general unsecured claims means ?? Because for that section it shows about 1.3 mill cash allowed
Lets get this convo going im sure someone knows something
People who has the escrow number are all involve in this settlement correct?? I wonder if there is an update somewhere where they list numbers of disbursement and where we are at in this situation
To the extent that Aegean/Mercuria is involved yes, that should be the end. They will dissolve our shares and issue any payout, or not, at that time. Nothing else required for us to do if a payment is coming except watch our accounts.
To all involved
Once this bankruptcy closes are we done with this mess. Do you think the next step is a payout for us or are there additional hoops to jump through??
Someone in this group has some law background that can offer us some insight on these alerts.
Any help would be greatly appreciated.
Epiq 11 Alert: Aegean Marine Petroleum N. #816 - Chapter 11 Post-Confirmation Report for the Quarte on 07/05/2023 http://dm.epiq11.com/case/AES/dockets/816?debtorId=7258 Reply STOP AES to stop alerts from this case.
Epiq 11 Alert: Aegean Marine Petroleum N. #815 - Bankruptcy Closing Report in Chapter 11 Case Filed on 07/05/2023 http://dm.epiq11.com/case/AES/dockets/815?debtorId=7258 Reply STOP AES to stop alerts from this case.
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