I wrote last month that we are focusing now on winding down the Trust. There is great progress to report this month.
As you know, we issued determinations for 100% of the claims months ago. Since that time, we have worked tirelessly to finalize each outstanding claim. We cannot close this program until each and every determination is finalized either by acceptance or appeal.
We now have 99.9% of all claims finalized, and we have paid $12.66 billion to claimants.
With regard to releases, 98.6% of eligible claimants have signed and returned the Releases. As you know, the Trust has been collecting these two Releases ordered by the Court since September 2023. Of those claimants who have not yet submitted releases, the majority are families who are dealing with probate, guardianship or other legal issues, and we are considering those special circumstances.
I am committed to winding down the Trust and getting you another pro rata payment as soon as possible. I am encouraged that we’re so close to the end of this program, and my team and I work every day to get there.
