CEF/DIL: Refuting the Unofficial Party Line

When the whole ABC District debacle debuted in Jan 2105, depositors that'd trusted the Lutheran Church with their funds were treated rather shabbily - good information wasn't forthcoming, District officials misrepresented what had actually happened, District struck a Task Force to investigate what happened and when the task force issued its first report, disbanded the...

DIL Representative Action Update – Feb 25, 2022

The DIL representative action is being managed by Sugden, McFee, and Roos who are handling who has updated the webpage for the action. The December 8, 2021 update's been removed, and a February 25, 2022 update has been added. Following is a copy-and-paste of the Feb 25 update. Update: February 25, 2022 As per the Approval...

DIL Representative Action Update – 2022-01-05

The following update was just posted to the Sugden McFee & Roos LLP webpage. Update: December 8, 2021 NOTICE OF PARTIAL SETTLEMENT APPROVAL A Partial Settlement has been approved by the Court Sugden McFee & Roos LLP, Class Counsel for the DIL Representative Action Class Members, is pleased to advise that Mr. Justice Rooke ACJ...

CEF/DIL Updates – Oct 27, 2021 Corrections

Ok, I must've been asleep at the wheel to make the mistakes I made on the original post, so here's a mea-culpa post. Correction #1: As it turns out, there are two "Ruf"s involved in the CEF/DIL mess and I got them confused. Harry Ruf was ABC District President when the life lease village was...

CEF/DIL Updates – Oct 27, 2021

Hi Gang - Yes, I've been gone for a bit. Repeatedly pointing out LCC's ongoing and unrepentant bad behavior has gotten rather tedious so I've been working on other things. However - when news like this comes up, I had to fire up the old editor to get the word out. First - Sage Properties...

Sage Resources and Deloitte CCAA Distribution

Earlier today I got the following comment / question: "In regards to the last meeting which was held November 28 / 2020 are. We going to get some information sent out? I could not get it on my Computer,would like to know what happened and was discussed. Thanks . Or it can be Emailed." I...

A Refresh on CEF, DIL, SVM, and Related Matters

With COVID 19 making a mess of things, the long delay since we'd last heard from Deloitte Restructuring, Sage, and KPMG, along with some accidental comments on past articles pertaining to "where are things" and "I've waited long enough for my money", I thought it'd be a good time for a refresh on where everything...

CEF/DIL: Monitor’s 38th Report – Update

In my prior post "CEF/DIL: Monitor's 38th Report" I surmised that this report pertained to an upcoming court case. I now believe that analysis is inaccurate because if you look at the report, it's dated Nov 26, 2019. My guess is that this report was originally generated and submitted to the Court last fall /...

CEF/DIL: Monitor’s 38th Report

Just when I turned in for the night, my alerting system told me Deloitte'd published their 38th report to their website.  This report was created to support a forthcoming application to the Court, as I'd discussed in "CEF: Deloitte Calling!" This report pertains to the Representative Actions and not a future distribution. Hopefully that'll appear...

CEF: Deloitte Calling!

Well, I've learned something. And now I've learned something else. Tyler of Deloitte returned my phone call tonight. Tyler's been helping with this case for the past few months and was able to give me an update on where things are. What follows is from my notes of that conversation and not to be considered...