In re Bank of America Corp. Sec. Litig., No. 09 MDL 2058 (DC) (S.D.N.Y.)
The initial distribution for this Settlement took place on June 26, 2015.
All checks distributed in the initial distribution display the Recognized Claim amount in the top right hand corner of the check stub. A list of all claims approved by the Court, which sets forth the Claim Number and Recognized Claim amount for the claim, is available by clicking the following link: List of Eligible Claims. A list of all claims whose rejection was approved by the Court, which sets forth the Claim Number and reason for rejection for the claim, is available by clicking on the following link: List of Ineligible Claims.
These lists are lengthy. If you type in your Claim Number in the box below and click submit, for eligible claims, the calculated Recognized Claim amount will appear in the box to the right, and for ineligible claims, the reason for rejection will appear in the box to the right.
If you received a “Notice of No Payment of Claim” postcard, your Claim Number can be found on the first line of that postcard. If you received a distribution check, your Claim Number can be found on the upper-right hand corner of your check stub.
Please note: the Recognized Claim, which is calculated according to the Court-approved Plan of Allocation, does not represent the amount of payment, but is used for purposes of determining the amount of pro rata payments from the Net Settlement Fund. Payment amounts were calculated in accordance with the Court’s May 4, 2015 Order Approving Distribution Plan (the “Distribution Order”), as further explained below.
Eligible Claims That Did Not Receive Payment Because Distribution Amount Is Less Than $20
Under the Court-approved Plan of Allocation and the Distribution Order, any Authorized Claimant whose pro rata Distribution Amount calculated to less than $20.00 will not receive any payment from the Net Settlement Fund. See Settlement Notice ¶ 93; Distribution Order ¶ 3(c)(1).
Based upon the total Recognized Claim amounts for all the eligible claims submitted ($15,063,113,971.99) and the amount of the Net Settlement Fund ($2,252,709,695.61), claims with a Recognized Claim of less than $133.70 calculated to a Distribution Amount of less than $20.00. Therefore, if your Recognized Claim is less than $133.70, no payment was made on the claim and you were mailed a postcard on June 26, 2015 informing you of that fact.