11/15/2024 Update:
The SEC, Founder Defendants, and Receiver are working on settlement of this case. As a result, all deadlines have been temporarily stayed to allow the parties to work on resolution.
For investors and other claimants, settlement is only the first step towards recovery. Any settlement needs to be approved by the majority of the five-member SEC and the Court. After approval, the Receiver will continue to be responsible for marshaling, liquidating, and distributing assets. Settlement is not going to result in the instant access to distributable cash. The collection and sale process will take time and resources and may include sales of real estate, stock, and other assets, as well as litigation in order to collect receivership assets. The Receiver will then need Court approval prior to distribution.
The Receiver and his Professionals are continuing to trace and marshal assets and will provide additional information as he is able.