SEC v Symbol Technologies, Inc.

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SEC v Symbol Technologies, Inc.
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**Distribution Update**

On May 8, 2020 additional funds were distributed to eligible claimants in the action entitled SEC v. Symbol Technologies, Civ. Act. No. 04-2276 (SJF) (SIL) (E.D.N.Y.).  Please see information below regarding eligibility for this Additional Distribution.

In accordance with paragraph 9 of the distribution plan approved by the Court on August 3, 2018 (Dkt. 382) (the “Plan”). Eligible claimants are receiving an additional payment because they submitted an eligible claim in In re Symbol Technologies, Inc. Sec. Litig., 02-CV-1383 (LOW) (E.D.N.Y.), in which funds collected in both that action and the SEC Action were distributed to eligible claimants from a Joint Compensation Fund, they received and cashed the previous payments sent in 2008 and 2019, and are eligible for an Additional Distribution under the Plan.

The Plan, as well as some additional court filings relating to this distribution are available for review on the Court Documents page of this website. The total value of the Fair Fund, less taxes, fees, and expenses, available for the additional distribution is approximately US $1.8 million, meaning each entity deemed eligible under the Plan will receive approximately an additional 0.002% of his, her or its Recognized Loss.




 

 
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