![]() ![]() On, following the agreement received from the supervisory judge of the Herald(Lux) liquidation, the liquidators filed an application with the Court to obtain authorisation for a first "distribution payment in principle" to be made to the shareholders of Herald (Lux). On 04 April 2018, the liquidators of Herald (Lux) would like to communicate the following: Publication 04-04-18. On 2 nd June 2017, the liquidators of Herald (Lux) would like to announce the following: Publication 02-06-17. The judgement and the publications made by the liquidators on 15 th February 2016 in the European Financial press can be found here. ![]() ![]() ( Notice of Adjournment of the Hearing (part 1 and part 2) for the 7 th interim distribution from the Trustee).īy judgment of 4 th February 2016, the Tribunal d'Arrondissement de et à Luxembourg, 6 th Chamber, hearing commercial matters, changed the method of liquidation of the variable capital investment company HERALD (LUX). This brings the total percentage of the service to the allowed claim to 58.369%. On 15 th June 2016, HERALD (LUX) received the 7 th interim distribution payment from the Trustee in the amount $3,002,025.60 or 1.305% of the allowed claim. In addition to those monies from the BLMIS estate, HERALD (Lux) recovered monies in March 2015 from the JP Morgan class action settlement in the amount of $3,169,440. ( Notice of Adjournment of the Hearing for the 6 th interim distribution from the Trustee). ( Statement 12-12-2014)Īs a result of the approved US settlement, HERALD (Lux) received so far $131,270,025.60 from the BLMIS Trustee, up to and inclusive of the 6 th interim distribution that the Trustee announced on 15 th April 2015, but in addition to a $500,000.- payment from SIPC. Madoff Investment Securities LLC (BLMIS) in New York, which results in the recognition of the Herald (Lux) customer claim in the BLMIS estate. Picard, Trustee for the Estate of Bernard L. On 12 th December 2014, the liquidators announce that they have reached a settlement agreement with Irving H. On 18 th November 2013, the liquidators drew the attention of the shareholders and investors in HERALD (Lux) on the Madoff Victims fund, announced by the US Department of Justice Asset Forfeiture Distribution Programme. On 15 th June 2012, the liquidators have agreed with the US Trustee to the extension of the Voluntary Discovery for Herald (Lux) SICAV. ![]() On 2 nd March 2012, the Luxembourg District Court, second Chamber rendered its verdict on ongoing proceedings which is published hereunder. On 8 th July 2011, the Luxembourg District Court rendered a first judgement in the Herald (Lux) case. The purpose of the lawsuit is to recover the assets of the Sicav, in the interest of the shareholders and the investors in the fund. On 17 th March 2010, the Court appointed liquidators of Herald (Lux) Sicav have filed a lawsuit at the Luxembourg District Court against the different parties that have intervened during the life-time of Herald (Lux) Sicav. Even if the liquidators pay careful attention to the quality of published information, they can neither guarantee expressly, nor implicitly that available information is accurate, current and complete. This website aims at informing the public with respect to the liquidation process and at communicating general information. Welcome on Herald (Lux) SICAV liquidation website ![]()
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