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Thursday, October 3, 2013

For those who missed the original Claims Deadline

I have had several victims - who for whatever reason missed the registration deadline last September and have asked me what they need to do to get their claim registered now. I have been speaking to Baker Botts and this is the reply he has sent to me:

"Generally, if a claimant failed to file a claim with the US receivership prior to the September 1, 2012 bar date, such claims are forever barred as against the US receivership estate, per order of the Court. If there are extenuating circumstances that constitute good cause, the Receivership will consider the circumstances and make a determination whether to recommend acceptance of the late claims by the Court. Given the notice provided, however, we expect that good cause will be a difficult threshold to meet. If claimants wish to submit requests to accept late claims to the receivership, they can use the contact information below.

Nonetheless, claimants who filed claims with the Joint Liquidators prior to September 1, 2012 but did not file with the U.S. receivership by that date may be allowed to participate in future receivership distributions if the Receiver determines the claimant has a valid claim and the claimant agrees to jurisdiction of the US Court. We will communicate directly with claimants who filed with the Joint Liquidators before the US receivership bar date with the appropriate form(s) to execute for the purpose of ensuring that such claimants agree to the jurisdiction of the U.S. District Court in Texas. Only after we have done so and received the appropriate forms back from the claimants will notices of determination issue to those claimants. Even if such claimants are allowed to participate in future distributions from the receivership, they will not be eligible to participate in the current distribution that has already been approved by the Court.


It would appear that if you missed filing your claim with Janvey (Gilardi), you are now bared from registering - except for special circumstances as above. I do feel sorry for all those who have missed out and I am sorry to have to be the bearer of such bad news. Let's hope you have all registered with Grant Thornton. Sadly I cannot help those of you who missed last Septembers deadline with Janvey.

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For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group - SIVG official forum

1 comment:

  1. Thank you Kate,

    I don't know what we would do without your help.