PR Newswire
22 Jun 2022, 00:19 GMT+10
WASHINGTON, June 21, 2022 /PRNewswire/ -- RCB Fund Services LLC, the Fund Administrator for the General Electric Company ("GE") Fair Fund (the "GE Fair Fund"), announces the opening of the claims process for the GE Fair Fund. The GE Fair Fund was established by the United States Securities and Exchange Commission ("SEC") to distribute $200 million in civil money penalties paid by GE to compensate investors harmed by GE's failure to disclose material information relating to its power and insurance businesses. The GE Fair Fund will compensate certain investors who purchased GE's common stock between October 16, 2015 and January 16, 2018. A copy of the Distribution Plan (the "Plan"), which contains a description of eligibility and all conditions concerning participation in the distribution, can be found at: GEfairfund.com or sec.gov.
Who is Eligible to Participate?
Any person or entity that purchased GE common stock on a U.S. exchange during the period from October 16, 2015 and January 16, 2018 is eligible for compensation from the GE Fair Fund subject to certain other eligibility limitations described in the Plan.
Eligible Security
General Electric Common Stock - (GE) CUSIP: 369604103
Determination of Recovery Amount
The amount of compensation will be determined in accordance with the Plan and will vary based on the dates of transactions in GE common stock, the number of shares purchased and/or sold, and the total dollar value of eligible claims submitted to GE Fair Fund.
How to Apply?
You must submit a completed claim form and supporting documentation on or before the claims deadline. The easiest way to participate is to file a claim online through the GE Fair Fund website: GEfairfund.com. If you are not able to utilize the online filing, you may download a copy of the claim form from the website and mail the completed claim form to the GE Fair Fund at the address shown below. You may also request a claim form by calling us toll free at (800) 511-6120, or by sending an email request to info@GEfairfund.com.
Claim Filing Deadline
Claim forms must be postmarked no later than midnight on October 19, 2022.
APPLY NOW!
GE Fair Fund, P.O. Box 6978, Syracuse, NY 13217-6978.
Toll free number: (800) 511-6120.
SOURCE RCB Fund Services
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationTAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking ...
LAHORE, Pakistan - On Saturday, an anti-terrorism court acquitted Pakistan Tehreek-e-Insaf (PTI) leader Yasmin Rashid of an attack on the ...
TOKYO, Japan - The Japanese government has suspended official development aid for the Yangon-Mandalay Railway Development Project, a long-standing symbol ...
KATHMANDU, Nepal - A Malaysian mountaineer narrowly survived after a Nepali sherpa guide hauled him down from below Mount Everest's ...
TOKYO, Japan: To counter the declining national birthrate, Japan's Prime Minister Fumio Kishida pledged to double spending over the next ...
PYONGYANG, North Korea: North Korea attempt failed to launch a satellite on May 31, which prompted raid sirens and a ...
NEW YORK, New York - U.S. stocks were directionless Tuesday as investors had little to digest ahead of next week's ...
MENLO PARK, California: Facebook parent Meta has said that under a trial that could last through the end of June, ...
WASHINGTON D.C.: The Biden administration is expected to approve a deal allowing General Electric to assemble jet engines in India ...
TAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking ...
NEW YORK, New York - U.S. stocks started the week under pressure on Monday. "Markets are catching their breath after ...
NEW YORK CITY, New York: A JPMorgan Chase & Co spokesperson has confirmed that as part of the bank's efforts ...