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.
Purchased ACLN common stock between June 15, 1999 and March 18, 2002 (the SEC Action Claims Period).
SEC recovered $28,265,287.11 for distribution; total judgments exceeded $122 million with over $94 million remaining outstanding.
⏳ Claim deadline not listed here yet — confirm the official filing deadline on the settlement site before relying on it.
You'll go to: www.aclnsecdistributionfund.com
Who may qualify
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 do I file a claim for this settlement?
File directly with The Garden City Group, Inc. via the official claim form.
- Confirm you are within the eligible group described in the official notice — the settlement administrator determines eligibility.
- Gather any documents the official form asks for — this settlement marks proof as Yes.
- Open the official claim form or settlement website run by The Garden City Group, Inc..
- Submit accurate information through the official settlement administrator or government source.
- Save your confirmation number if one is provided, then watch the payment status for distribution updates.
New to settlement claims? How to file safely →
Worried it might be fake? Run the 60-second legitimacy check →
How we verified this record
- 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.
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).
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.
Use the official settlement administrator or government source.
Listed on the official settlement website (The Garden City Group).
Disclaimer
This service 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. Only file a claim if the information you provide is accurate.
Change log
- June 17, 2026 — Settlement published after verification.
- June 17, 2026 — Verified field details updated from an official source.