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Update in Anwar v. Fairfield Greenwich Limited (Madoff) Securities Litigation (09-cv-00118 (VM))

The U.S. District Court, on December 6, 2019, entered an Order approving the supplemental distribution of $314,362 in settlement funds to Anwar class members who had previously cashed their settlement checks and who would receive a supplemental distribution of at least $100.  The funds that are being distributed are amounts that remained in the settlement accounts from uncashed checks from prior distributions.  The minimum payment amount of $100 was approved by the Court to lessen the burden and administrative costs of making additional distributions of the limited funds available.
 
Approximately 344 class members will participate in the supplemental distribution.  Class members who are among the claimants scheduled to receive a supplemental distribution may be contacted by the claims administrator to verify their current address and/or wire instructions.  Those communications are authorized pursuant to the Court’s order.  A distribution in January 2020 is currently planned.

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