How much customer property will be available to satisfy customer net equity claims against LBI?
The Trustee has advised the Joint Administrators that he is in the process of making this determination. Once the Trustee makes this determination, he will make a filing the U.S. Court in which the LBI SIPC proceeding is pending. This will be publicly available through the Court docket and the EPIQ website referenced in FAQ 1 above.
Related Questions
- Can the net equity proceeds from the relinquished property closing be held in an escrow account other than with the Qualified Intermediary?
- How will dividends and interest on customer property securities held by LBI be distributed by the SIPC Trustee?
- When will the Trustee begin distributing property in respect of customer net equity claims?
