Every dollar amount and date on this page is quoted from the official settlement document.
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.
Court case: Securities and Exchange Commission v. A.C.L.N., Ltd., et al.
The SEC recovered $28,265,287.11 for investors who bought ACLN common stock between June 15, 1999 and March 18, 2002.
Official eligibility wordingPurchased ACLN common stock between June 15, 1999 and March 18, 2002 (the SEC Action Claims Period). Checked against the official settlement source by SettleSignal on June 17, 2026.
Key facts
- Who may qualify You may qualify if you purchased ACLN common stock between June 15, 1999 and March 18, 2002, the SEC action claims period.
- Estimated payoutSEC recovered $28,265,287.11 for distribution; total judgments exceeded $122 million with over $94 million remaining outstanding.
- Proof requiredYes
- What you needFile the claim form with proof of your ACLN stock purchases in the claims period.
- CourtUnited States District Court for the Southern District of New York
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.
Verify it yourself
How we verified this record
- Payout details
- Eligibility
- Proof requirement
- Administrator
- Court case
- Payment status
- 2 fields queued for re-check
1 official source linked to this record.
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Eligibility summary Quoted in the official eligibility wording above ↑
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
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Payment status
Payments started
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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.
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.
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Court
United States District Court for the Southern District of New York
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
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
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)
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Case name
Securities and Exchange Commission v. A.C.L.N., Ltd., et al.
Where to act
