Freddie Mac Fair Fund Distribution Agent Announces Notice of Distribution Plan
WASHINGTON, March 20, 2017 /PRNewswire/ -- If you purchased Federal Home Loan Mortgage Corporation ("Freddie Mac" or the "Company") common stock at any time between April 18, 2000 and June 8, 2003, inclusive ("Eligible Trading Period") and suffered a Recognized Loss per the Plan of Allocation, you may be entitled to receive a monetary Distribution Payment from the Freddie Mac Fair Fund.
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLUMBIA
| SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. FEDERAL HOME LOAN MORTGAGE CORPORATION,
Defendants. |
: : : : : : : Civil Action No. : 07-CV-1728-RCL : : : |
SUMMARY NOTICE OF FREDDIE MAC FAIR FUND
On December 28, 2016, Chief Judge Royce C. Lamberth, United States District Judge for the District of Columbia issued an Order approving the Distribution Plan in the matter of SEC v. Federal Home Loan Mortgage Corporation, David W. Glenn, Vaughn A. Clarke, Robert C. Dean and Nazir G. Dossani ("Defendants").
The Distribution Plan provides that the disgorged profits, prejudgment interest and civil penalties paid to the Clerk of the Court and placed into an interest-bearing account with the Court Registry Investment System ("CRIS"), totaling approximately $50.75 million ("Freddie Mac Fair Fund"), shall be distributed for the benefit of injured investors who purchased Freddie Mac common stock and suffered a Recognized Loss pursuant to the Plan of Allocation.
The Court has appointed Gilardi & Co. LLC as the Distribution Agent to distribute to Freddie Mac investors who qualify under the Court-approved Plan of Distribution.
HOW TO OBTAIN COMPENSATION
If you believe you are a Potentially Eligible Claimant and would like to participate, you must complete the Proof of Claim Form completely, sign it, include copies of all required supporting documentation, and return it to:
Freddie Mac Fair Fund
c/o Gilardi & Co. LLC
Distribution Agent
P.O. Box 43452
Providence, RI 02940-3452
A Proof of Claim Form can be obtained by visiting the website, www.FreddieMacFairFund.com, clicking the Case Documents tab, and choosing the "Proof of Claim Form." You can also request that a Notice and Proof of Claim Form packet be sent to you via mail by calling (877) 401-1797.
YOUR COMPLETED AND SIGNED PROOF OF CLAIM FORM, WITH ALL OF THE REQUIRED SUPPORTING DOCUMENTATION, MUST BE POSTMARKED NO LATER THAN JULY 10, 2017 (THE "FILING DEADLINE"), AND SENT TO THE DISTRIBUTION AGENT.
ADDITIONAL INFORMATION
This notice provides only summary information regarding the action. We strongly recommend that you read the Plan of Distribution, including the Plan of Allocation, and other relevant case documents in their entirety for more complete details. The documents can be found at www.FreddieMacFairFund.com or the website maintained by the Commission at https://www.sec.gov/divisions/enforce/claims.htm, by calling the dedicated toll-free number at (877) 401-1797 or by sending an email inquiry to [email protected].
SOURCE Freddie Mac Fair Fund Distribution Agent
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