NEW YORK, Aug. 17, 2017 /PRNewswire/ --
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
FAIR FUND TO COMPENSATE CERTAIN INVESTORS IN AIMSI TECHNOLOGIES COMMON STOCK
SEC v AIMSI Technologies, et al., Case No. 05-CV-04724 SUMMARY
If you purchased AIMSI Technologies Inc. ("AIMSI") common stock between July 1, 2004 and December 14, 2004, inclusive ("the Recovery Period") and suffered a Recognized Loss per the Plan of Allocation, you may be entitled to receive a monetary payment from the AIMSI Fair Fund.
The Fair Fund was established by the Court to distribute approximately $1.2 million in disgorgement, prejudgment interest and civil monetary penalties paid by AIMSI and several other defendants and relief defendants in settlement of SEC v. AIMSI Technologies Inc., et al., (05-CV-04724). Further details, along with a copy of the court-approved Distribution Plan, which contains a description of eligibility and other conditions to participation can be found at: http://www.AIMSITechnologiesDistributionFund.com.
The Court has appointed Analytics LLC as the Distribution Agent to administer the distribution to AIMSI investors who qualify under the Distribution Plan and Plan of Allocation.
WHO IS ELIGIBLE FOR COMPENSATION?
If you purchased AIMSI common stock ("Eligible Securities") during the Recovery Period on the Eligible Purchase Dates and suffered a Recognized Loss per the Plan of Allocation of at least $10.00, you may be entitled to receive payment from the AIMSI Fair Fund. The Eligible Purchase Dates are between July 1, 2004 and December 14, 2004.
Whether you will have a Recognized Loss for which you will be compensated depends on a number of factors, which are detailed in the Plan of Allocation section of the Distribution Plan. You should read the Plan of Allocation in the Distribution Plan in its entirety before filing a claim. A final determination of whether you will receive a Distribution Payment, and the amount, will be made by the Court-appointed Distribution Agent.
CLAIM FILING DEADLINE
Claim forms must be postmarked no later than 11:59 p.m. on December 8, 2017. If you need assistance in completing the claim form or if you have questions, please contact the Distribution Agent at 866-562-5857 or visit: http://www.AIMSITechnologiesDistributionFund.com.
HOW TO OBTAIN COMPENSATION
Instructions for Obtaining and Filing a Proof of Claim Form: In order to be eligible for a recovery, you must submit a completed claim form on or before the claims deadline. You may download and print the Proof of Claim form from the website at http://www.AIMSITechnologiesDistributionFund.com, under the Court Documents tab, or request that Analytics, the Distribution Agent, mail you a Proof of Claim form by sending an email to Claims@AIMSITechnologiesDistributionFund.com or by calling Analytics toll free at 866-562-5857 to request a claim form. You must complete the Proof of Claim Form completely, sign it, include copies of all required supporting documentation, and return the completed form to:
AIMSI Technologies Distribution Fund
c/o Analytics Consulting LLC
P.O. Box 2003
Chanhassen, MN 55317-2003
This notice provides only summary information regarding the action. We strongly recommend that you read the Distribution Plan, including the Plan of Allocation, and other relevant case documents in their entirety for more complete details.
For more information on the Distribution Fund, to review relevant case documents, including the Distribution Plan, or for assistance in completing a Proof of Claim Form, visit the Distribution website at http://www.AIMSITechnologiesDistributionFund.com, call the dedicated toll-free number at 866-562-5857 or send an email inquiry to Claims@AIMSITechnologiesDistributionFund.com.
SOURCE Analytics Consulting, LLC