Lawsuit In Conflict With Securities Investor Protection Act
SIPC Taking Action to Protect Customer Assets; Giddens Appointed by Court as Trustee
New Settlements Increase Initial, Interim Pro Rata Distribution to Approximately $312 Million
Cash Payments of more than $1 Billion to be made to BLMIS Customer Fund; Settlement Structure Facilitates Future Recovery Distributions to Feeder Fund Investors
Victims and Potential Investors in Scams Targeted by Phony "SIPC Agents"
2.6 Billion to be Allocated to Customer Fund; Initial, Interim Pro Rata Distribution of Approximately $272 Million to BLMIS Customers; Appeals of Picower, Levy Settlements and Net Equity Prevent Larger Payments