Luxembourg Action still ongoing vs Melisanidis, Tzannakos, Kostopoulos and other business entities
RMI Action, extension of receiver over OTE in Marshall Islands until 8/21/21
Extension granted to freeze of assets in Cyprus of parties from Luxembourg Action.
USDC-SDNY dismissed asset recovery case against former director and officers. Trust voted to appeal. Oral arguments set for 2/25/21 by phone with 2nd District Court of Appeals.
Last year: 1st Omnibus Objections many claims dismissed 2nd and 3rd Omnibus Objections some claims reclassified as equity interests 4th Omnibus Objections hearing scheduled for 3/9/21 10am to dismiss 28 duplicate claims and 11 insufficient documentation claims.
Trust continues preparation of additional objections.
4th Qtr expenses: $247k Cash on hand. : $15.5 million
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