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Re: clarencebeaks21 post# 765124

Thursday, 08/24/2023 11:19:27 PM

Thursday, August 24, 2023 11:19:27 PM

Post# of 801220
§ 1237.13 Payment of Securities Litigation Claims while in conservatorship.

(a) Payment of Securities Litigation Claims while in conservatorship. The Agency, as conservator, will not pay a Securities Litigation Claim against a regulated entity, except to the extent the Director determines is in the interest of the conservatorship.

Q: Wouldn't it be in the interests of the Conservatorships to pay outstanding Securities Litigation Claims?

A: Yes, because it allows for the eventual orderly exit from the Conservatorships by eliminating outstanding liability claims.