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This claims administration website was updated on October 15, 2021
We have received 5,039 Claim Forms. We anticipate that the claims administration process will be concluded by the end of 2021 and Court approval to make Pro Rata Distributions to Authorized Claimants is anticipated in early 2022.
Pursuant to the Court approved Plan of Allocation, once the Administrator determines that a Claimant is an Authorized Claimant, the respective number of his, her or its Qualified Shares and his, her or its Maximum Entitlement (September Disclosure) and/or Maximum Entitlement (November Disclosure), and the Pro Rata Distribution (September Disclosure) from the Compensation Fund (September Disclosure) and the Pro Rata Distribution (November Disclosure) from the Compensation Fund (November Disclosure), the Administrator shall advise the Claimant of the Administrator’s decision by posting it on the Claimant’s online claim file https://portal.fsdsecuritiesclassaction.com.
Please do not call or email to inquire about the claim status of your Claim Form, the amount of your Pro Rata Payment or when payments will be mailed. Please understand that this just slows down the claims administration process. We are here to help on all other inquires.
If your Claim Form has been designated as “Amended”, “Deficiency” or “Rejected” in the online claims administration portal, a Claim Determination Notice will be emailed explaining the Claims Administrator’s adjudication of your Claim Form. Please check your junk email folder as that email may be captured as spam.
If your Claim Form has been designated as “Claim Filed” in the online claims administration portal, your Claim Form has been deemed filed prior to the Claims Bar Deadline of June 21, 2021 and that we are currently adjudicating your Claim Form.
If you have requested to file after the Claims Bar Deadline of June 21, 2021, the Referee is currently reviewing your request and will advise accordingly by direct email communication.
It is too early to calculate the Pro Rata payment amount. We will not be in a position to calculate each Authorized Claimant’s Pro Rata payment until after all the Claim Forms are adjudicated, Deficiencies are Remedied and the Appeals are processed by the end of 2021.
Thereafter, we will file a Motion to the Court seeking authorization to make Distributions to Authorized Claimants.
It is too early to provide a timeline for Distributions to Authorized Claimants for two reasons. Firstly, we are still processing the Claim Forms as explained above. Secondly, it’s too early to determine how Covid may affect the timelines to process the Claim Forms and the Court to approve the Distribution to Authorized Claimants.
It is important that Class Members check, on a regular basis, the website or the pop-up message when you log into the portal to review the status of your Claim for updates in regards to the claims administration. www.fsdsecuritiesclassaction.com.
In the meantime, please be well.
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The content on this website is provided for general information purposes only and does not constitute legal or other professional advice or an opinion of any kind. Users of this website are advised to seek specific legal advice by contacting members of the firm(s) located on the Contact Page (or their own legal counsel) regarding any specific legal issues. Trilogy Class Action Services does not warrant or guarantee the quality, accuracy or completeness of any information on this website. The articles published on this website are current as of their original date of publication, but should not be relied upon as accurate, timely or fit for any particular purpose.
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