Order Entered Approving Final Distribution

6 Apr

On April 5, 2016, the U.S. District Court for the Western District of North Carolina entered an Order (see link below) authorizing the Receiver to make a second and final distribution of $205,000 to claimants, as set forth in greater detail in the Receiver’s motion for authority to make final distribution. The Receiver will make the final distribution in early May, once the 30-day period in which parties-in-interest may appeal the distribution order has expired. This will be the final distribution made by the Receiver in this case, and, once all the checks have cleared, the Receiver will seek to be discharged from his duties and the case will be closed.

Order Authorizing Final Distribution

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