Following an settlement reached with the IRS, the USFIA Receiver has secured authorization to ship out USFIA sufferer distribution funds.
As per a June ninth order issued by the courtroom;
In accordance with the Unique Plan, the prior orders of the Court docket, and the Stipulation, the Receiver is permitted to proceed with the distribution of Receivership Proceeds to Claimants with Allowed Claims.
$45.8 million in allowed claims have been authorised by the USFIA Receivership.
Though there isn’t any particular timeline for distribution funds to be made, we anticipate they’ll be going out shortly.