Nortel Networks Corporation, June 24, 2019
June 24, 2019
Second Distribution – ESDC Update
The Monitor reports that it is in regular contact with ESDC regarding their review of Second Distribution payments (made in mid-December 2018), which is still ongoing. ESDC reports that the review has now been completed for approximately 900 of the 2,000 payments under review. The Monitor is working on releasing the distributions of those individuals who have ESDC now been cleared by ESDC.
ESDC has not provided a date for completion of the remainder of the review. The Monitor will post the date of payment/completion of the review to it’s website at the following link as the information becomes available:
ESDC has not provided any updates with respect to the approximately 260 individuals whose recent distributions from the Health and Welfare Trust distribution has been put on hold pending ESDC review.