SEC Order Directing Third Disbursement of Fair Fund in Computer Sciences Corporation Matter
Summary
The SEC has issued an order directing a third disbursement of Fair Funds in the administrative proceeding against Computer Sciences Corporation. Approximately $517,004.73 will be distributed to harmed investors, bringing the total disbursed to 22.23% of their recognized claims.
What changed
This SEC administrative order directs the third disbursement of Fair Funds in the matter of Computer Sciences Corporation (File No. 3-16575). Following previous disbursements totaling $201,830,295.44, approximately $517,004.73 remains to be distributed to harmed investors. This action brings the total disbursed to 22.23% of the eligible claimants' recognized claims.
The order authorizes the transfer of funds to an escrow account and directs the Fund Administrator to distribute the specified amount to investors according to the approved plan. This is a procedural step in the ongoing distribution process of funds collected from the respondents in this enforcement action.
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