Bankruptcy Court enters Orders Authorizing Trustee to Enter Into Settlement Agreement in Ponzi and SRP cases.

On January 24, 2019 the Bankruptcy Court entered the attached written Orders authorizing the Trustee to enter into the global Settlement and Release Agreement which is also posted here.   The process to send optional releases of Diane Siskey and MetLife and to begin distributions to investors can begin after a 14 day appeal period of the Orders (which will expire on February 7, 2019) and after the S.E.C. issues its consent to the Settlement Agreement.   An S.E.C. representative has indicated that the S.E.C  cannot address this issue until after the U.S. Government has reopened.

TSI order

SRP order

TSI order status conference

siskey global settlement agreement

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