A hearing on how to distribute money owed to investors in the Par Funding case ended today with the 2 sides disagreeing on a distribution plan. The SEC and the court-appointed receiver handling the funds have different approaches to the distribution of amounts to each investor. One will benefit certain investors and reduce the amount to other more recent investors. The issue is how the claims were calculated.
Given this discrepancy, the judge wants to see more details of each of the plans by March 11th then a first distribution proposal drafted before the end of March.
This means investors that have had their money tied up for about 4 years will wait several more weeks before they will learn the fate of how much money, if any, they will be getting back and when that will happen.
Of course, unless there are more delays.