“On June 5, 2020 the Court entered an order creating a Fair Fund (the “Fair Fund”), so the penalties, along with the disgorgement and prejudgment interest, paid by the Defendants can be distributed to those harmed by the Defendants’ conduct described in the Complaint. See the Court’s Order.
On June 12, 2020, the Court entered an order that appointed Miller Kaplan Arase LLP as the Tax Administrator to fulfill the tax obligations of the Fair Fund, and appointed Robert Levenson and Christopher Martin, two Commission employees, as co-Distribution Agents to develop and oversee the administration of a distribution plan for the Fair Fund, to be approved by the Court. See the Court’s Order.”
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