Start Liquidating trust 2016

Liquidating trust 2016

The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) Trust Funds.

Liquidating Trust Shareholders are reminded that the last day of trading of the Company’s common shares of beneficial interest on the New York Stock Exchange will be Monday, August 1, 2016 and that on August 5, 2016 the Company will transfer all of its remaining assets into a liquidating trust.

He is also a Board member of the Capital Bank, based in Charlotte NC and PGI, A Blackstone portfolio company.

In addition to his work with GE’s global Olympic Sponsorship and interface with the NFL, while at GE Foss led a team to develop and implement growth strategies with a select group of GE’s strategic global customers, managed the Sales Force Effectiveness and Corporate Sales programs and managed the Government Selling program.

18, 2016 /PRNewswire/ -- The Res Cap Liquidating Trust (the "Trust") today announced the appointment of John J.

Ray III, senior managing director at Greylock Partners, LLC, as Liquidating Trust Manager. Ray has been serving as the Trust's Chief Legal Counsel over the past year and, in this capacity, managed its RMBS litigation and was the principal representative in approximately 60 mediations of the cases. Ray will replace John Dubel, who will remain a member of the Board of the Trust. Ray has extensive experience as a chief restructuring officer and plan administrator in notable bankruptcy cases and situations involving Overseas Shipholding Group Inc., Nortel Networks Inc. Board Chairman Mitchell Sonkin commented: "As we continue to vigorously pursue litigation claims against banks and financial institutions for their improper activities that we believe substantially harmed the beneficiaries of the Res Cap Trust, John Ray's strong track record and familiarity with legal matters will continue to benefit our efforts, and the efforts of our lead litigation counsel, Quinn Emanuel.

/PRNewswire/ -- The Res Cap Liquidating Trust (the "Trust") announced today that it has recently completed filing income tax returns for the calendar year 2016 in those states in which the Trust determined that it had a filing obligation.

Information about the Trust's 2016 state income tax filings and state specific 2016 income tax information for unitholders has been posted to the Trust website at

Financial Results As a result of the shareholder approval of the plan of liquidation on August 5, 2014, effective August 1, 2014, the Company began reporting its financial results on the liquidation basis of accounting.