Archived Information Releases for May 2000 (listed by date of release)
Tuesday, May 23, 2000: Hardship Withdrawal Requests over $5,000 must be Approved by the Court
The Court ratified the process for hardship withdrawals at a hearing on May 18. At the hearing, the Court also indicted that withdrawals over $5,000 would have to be approved by the Court. While hardship withdrawals will be processed as they have been previously, requests for amounts over $5,000 will take additional time to process and will be allowed only after approved by the Court.
Thursday, May 18, 2000: Second Supplemental Order of Administration
Court denies payment of Investment Manager fees. To read this Second Supplemental Order of Administration, click on this link [Read Second Supplemental Order].
Court limits hardship withdrawals to a maximum of $5000. To read this Second Supplemental Order of Administration, click on this link [Read Second Supplemental Order].
Tuesday, May 16, 2000: Second Supplemental Order of Administration
The Receiver filed its Motion for a Second Supplemental Order of Administration seeking an Order from the Court with respect to paying investment managers fees. [Read News]
Wednesday, May 10, 2000: Directive regarding Land Trusts
Today, the Commissioner of Banks and Real Estate approved guidelines regarding Land Trusts. To read the details of Directive No. 5 approved by the Commissioner, click on this link [Read Directive].
Tuesday, May 2, 2000: Class Action Suit Stayed
The Circuit Court of Cook County today stayed a purported class action suit against Intrust and a number of other related parties.
Tuesday, May 2, 2000: Commodities Trading
Notice to Commodities Dealers with Respect to Accounts at Independent Trust Corporation. [Read News]
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