Saturday, November 17, 2018 9:34:24 AM
At a recent hearing before the Bankruptcy Court, counsel for the Trust suggested that a special distribution to holders of LTIs might be paid during the month of November. Because the Bankruptcy Court has not entered final orders covering the disallowance of certain claims underlying the so-called “Employee Claims Litigation”, no such distribution will be made during November. Relatedly, no such distribution will be made until such time as the Bankruptcy Court enters the aforementioned final order(s) and the related timeframe for appeals, if any, by the relevant claimants has expired.
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