Claims
On April 28, 2020, the U. S. District Court entered an Order approving the Receiver’s Plan of Distribution (Dkt. 541). Pursuant to that Order, Receivership assets will be distributed to claimants who have suffered a “net out-of-pocket loss” (calculated as the total amounts invested less any amounts or value received) arising from investments in any of the Breitling entity programs. On May 11, 2020, the Court entered an Order Implementing Plan of Distribution (the “Implementation Order”) (Dkt. 542), ordering the Receiver to establish a “Final Claim Amount” for all potential claimants. Final Claim Amounts have been calculated and no further claims will be accepted.