A.C.L.N., Ltd., Abderrazak "Aldo" Labiad, Joseph J.H. Bisschops, Alex de Ridder, BDO International (Cyprus), Minas Ioannou, Christakis Ioannou, Emerald Sea Marine, Inc., Pearlrose Holdings International, S.A., and Scott Investments S.A.
SEC recovered $28,265,287.11 for distribution; total judgments exceeded $122 million with over $94 million remaining outstanding.
Purchased ACLN common stock between June 15, 1999 and March 18, 2002 (the SEC Action Claims Period). Payout: SEC recovered $28,265,287.11 for distribution; total judgments exceeded $122 million with over $94 million remaining outstanding. Proof of purchase is required to file. Checked against the official settlement source by SettleSignal on June 17, 2026.
⏳ Claim deadline not listed here yet — confirm the official filing deadline on the settlement site before relying on it.
Who may qualify
You self-certify the basics when you file — the settlement administrator makes the final eligibility decision.
Purchased ACLN common stock between June 15, 1999 and March 18, 2002 (the SEC Action Claims Period).
This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.
New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.
Proof requirements
Proof requirement is currently marked as Yes.
Review the official claim form before submitting any information.
How hard is this claim to file?
Watch out for
- This SEC Distribution Fund is completely separate from the ACLN Class Action settlement — different fund, different administrator, different process.
- The notice dates to May 2013; confirm the filing window is still open by checking www.ACLNSECDistributionFund.com or calling (800) 909-7125 before investing time in your claim.
- Do not file a duplicate Proof of Claim for purchases already approved in the class action — the notice explicitly states those are already included.
- Only purchases of ACLN common stock count — other instruments are not mentioned as eligible.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
How do I file a claim for this settlement?
File directly with The Garden City Group, Inc. via the official claim form.
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1Check whether you submitted a Proof of Claim in the ACLN Class Action and whether the Court approved it — approved purchases carry over to this fund automatically.
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2Identify any ACLN common stock purchases from June 15, 1999 through March 18, 2002 that were NOT part of an approved class action claim, including any purchases made during June 15, 1999 through June 28, 2000 (dates the class action excluded).
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3Go to www.ACLNSECDistributionFund.com to file your Proof of Claim Form online, or download the form from the site and mail the completed version to: SEC v. A.C.L.N., Ltd., c/o The Garden City Group, Inc., Distribution Agent, P.O. Box 9882, Dublin, OH 43017-5782.
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4Call (800) 909-7125 or email [email protected] to request a paper form or to confirm the fund is still accepting claims.
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5Gather brokerage statements or trade confirmations that document your ACLN stock purchases during the SEC Action Claims Period before you submit.
New to settlement claims? How to file safely → · Worried it might be fake? Run the 60-second legitimacy check →
When will I get paid?
- Claims open You are here
- Court approval
- Payments sent
- Distribution complete
Claims are still being accepted. Class-action payouts typically begin only after the claim deadline, final court approval, and any appeals.
Verify it yourself
How we verified this record
Optional, but it's the whole point — every field below traces to a named official source we re-check on a schedule.
- Payout details the official settlement website · Jun 17, 2026
- Eligibility the official settlement website · Jun 17, 2026
- Proof requirement the official settlement website · Jun 17, 2026
- Administrator the official settlement website · Jun 17, 2026
- Court case the official settlement website · Jun 17, 2026
- Payment status the official settlement website · Jun 17, 2026
- Claim deadline queued for re-check
- Official claim link queued for re-check
Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.
Cross-checked against 1 official source on file.
Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.
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Eligibility summary
Purchased ACLN common stock between June 15, 1999 and March 18, 2002 (the SEC Action Claims Period).
Verified Jun 17, 2026 · against the official settlement website
If you purchased ACLN common stock between June 15, 1999 and March 18, 2002, inclusive (the "SEC Action Claims Period"), you may be eligible for compensation.
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Proof requirement
Yes
Verified Jun 17, 2026 · against the official settlement website
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Payment status
Payments started
Verified Jun 17, 2026 · against the official settlement website
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Estimated payout
SEC recovered $28,265,287.11 for distribution; total judgments exceeded $122 million with over $94 million remaining outstanding.
Verified Jun 17, 2026 · against the official settlement website
In total, the Court entered judgments against the defendants in excess of $122 million in disgorgement, of which over $94 million remains outstanding. The SEC successfully recovered $28,265,287.11.
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Administrator
The Garden City Group, Inc.
Verified Jun 17, 2026 · against the official settlement website
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Court
United States District Court for the Southern District of New York
Verified Jun 17, 2026 · against the official settlement website
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK Securities and Exchange Commission v. A.C.L.N., Ltd., et al.
Show all 4 more verified fields
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Class period start
June 15, 1999
Verified Jun 17, 2026 · against the official settlement website
If you purchased ACLN, Ltd. ("ACLN") common stock from June 15, 1999 through March 18, 2002, inclusive (the "SEC Action Claims Period"), you may be eligible for compensation.
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Class period end
March 18, 2002
Verified Jun 17, 2026 · against the official settlement website
If you purchased ACLN, Ltd. ("ACLN") common stock from June 15, 1999 through March 18, 2002, inclusive (the "SEC Action Claims Period"), you may be eligible for compensation.
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Court case number
1:02-CV-7988 (LAP)
Verified Jun 17, 2026 · against the official settlement website
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Case name
Securities and Exchange Commission v. A.C.L.N., Ltd., et al.
Verified Jun 17, 2026 · against the official settlement website
Common questions
Is the A.C.L.N., Ltd., Abderrazak "Aldo" Labiad, Joseph J.H. Bisschops, Alex de Ridder, BDO International (Cyprus), Minas Ioannou, Christakis Ioannou, Emerald Sea Marine, Inc., Pearlrose Holdings International, S.A., and Scott Investments S.A. settlement legitimate?
Yes — the A.C.L.N., Ltd., Abderrazak "Aldo" Labiad, Joseph J.H. Bisschops, Alex de Ridder, BDO International (Cyprus), Minas Ioannou, Christakis Ioannou, Emerald Sea Marine, Inc., Pearlrose Holdings International, S.A., and Scott Investments S.A. settlement is a real claims process that SettleSignal tracks from its official source. It is administered by The Garden City Group, Inc. under case 1:02-CV-7988 (LAP) in United States District Court for the Southern District of New York. File only through the official settlement website (www.aclnsecdistributionfund.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 17, 2026. Always confirm the current details on the official site before filing.
Who may qualify for this settlement?
Purchased ACLN common stock between June 15, 1999 and March 18, 2002 (the SEC Action Claims Period).
How much can I get from the A.C.L.N., Ltd., Abderrazak "Aldo" Labiad, Joseph J.H. Bisschops, Alex de Ridder, BDO International (Cyprus), Minas Ioannou, Christakis Ioannou, Emerald Sea Marine, Inc., Pearlrose Holdings International, S.A., and Scott Investments S.A. settlement?
SEC recovered $28,265,287.11 for distribution; total judgments exceeded $122 million with over $94 million remaining outstanding. The exact amount you may receive is decided by the settlement administrator based on your valid claim and is not guaranteed; a total settlement-fund figure is shared among all eligible claimants, not paid to each person.
Do I need proof to claim?
Proof requirement: Yes. The settlement administrator determines what documentation, if any, is required.
What is the current payment status?
Current payment status: Payments started. Payments are issued by the administrator after the court process concludes.
When will A.C.L.N., Ltd., Abderrazak "Aldo" Labiad, Joseph J.H. Bisschops, Alex de Ridder, BDO International (Cyprus), Minas Ioannou, Christakis Ioannou, Emerald Sea Marine, Inc., Pearlrose Holdings International, S.A., and Scott Investments S.A. pay out?
Current payment status: Payments started. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.
Where is the official A.C.L.N., Ltd., Abderrazak "Aldo" Labiad, Joseph J.H. Bisschops, Alex de Ridder, BDO International (Cyprus), Minas Ioannou, Christakis Ioannou, Emerald Sea Marine, Inc., Pearlrose Holdings International, S.A., and Scott Investments S.A. claim form?
The official claim form is hosted by the settlement administrator, The Garden City Group, Inc.. Use the 'Open official claim form' button on this page — never pay a fee to file.
Where to act
When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.
Not ready to file today? Track it free — we'll remind you before the deadline, and keep your claim details in one place.
Listed on the official settlement website (The Garden City Group).
Status history
Every status and verification change we have recorded for this settlement, newest first. We log the date we made each change; we never publish the underlying evidence link.
- Settlement published after verification.
- Verified field details updated from an official source.
Disclaimer
SettleSignal summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. You open the official claim form yourself. Only file a claim if the information you provide is accurate.