Tuesday November 20, 2001. Update to Exhibit A to the Final Order Allocating Cash Trust Fund Shortage.
To view updated Exhibit A, click on this link [Updated Exhibit A].
Wednesday, March 1, 2001: Court Enters Final Order Allocating Cash Trust Fund Shortage
Following a lengthy hearing on February 27 and 28, the Court entered a Final Allocation Order on March 1. In essence, this Order set the allocation as follows:
To read the Court Order, click on this link [Read Order].
A number of account holders and investment advisors have filed appeals from the prior decisions of the Court on the allocations and have advised the Court that they intend to seek a stay of the allocation until a decision is made on their appeals. The Court will hear these stay motions on March 16.
For further information on the Final Allocation Order and the possible implications of stay motions, click on FAQ at the left side of this website.
Friday, April 14, 2000: Intrust Placed in Receivership
On Friday, April 14, 2000, the Illinois Office of Banks and Real Estate (OBRE) took possession and control of Intrust following its examination which revealed a significant shortage of trust cash assets. The OBRE appointed PricewaterhouseCoopers LLP as Receiver of Intrust.
In order to provide account holders, investment advisors, brokers and any other interested parties with as much information as possible concerning the receivership of Intrust, the Receiver is placing all pertinent information about Intrust on this web site and will regularly update it as new information becomes available.
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