Country for PR: United States
Contributor: PR Newswire New York
Tuesday, January 12 2021 - 00:00
Fair Fund to Compensate Certain Investor Participants in The Triaxx CDOs
WASHINGTON, Jan. 11, 2021 /PRNewswire-AsiaNet/ --

RCB Fund Services LLC, the Distribution Agent for the ICP Asset Management Inc. 
Fair Fund (the "ICP Fair Fund"), announces the opening of the claims process 
for the ICP Fair Fund.  The ICP Fair Fund was established by the United States 
Securities and Exchange Commission ("SEC") to distribute more than $22 million 
in disgorgement, prejudgment interest, and civil penalties collected in SEC v. 
ICP Asset Management, LLC, et al., 10-cv-4791-LAK-JCF (S.D.N.Y.) (the "Civil 
Action").  The ICP Fair Fund will be distributed to investors harmed by 
fraudulent practices and misrepresentations made in connection with the 
collateralized debt obligations ("CDO") known as the Triaxx CDOs.  You can find 
more information regarding the ICP Fair Fund at: or

Logo - 

Photo - 

Who is Eligible to Participate in the ICP Fair Fund? 
Any person or entity that purchased an interest in the Triaxx CDOs and believes 
they have suffered an economic loss as a result of that investment should 
submit a claim form.  Submissions will be considered by the Distribution Agent, 
the SEC staff, and the economic expert retained by the SEC, and used to propose 
to the Court a plan of distribution to compensate investors for harm suffered 
as a result of the conduct underlying the Civil Action.    

The Triaxx CDO Investments 
The Triaxx CDO Investments include:

Triaxx Prime CDO 2006-1       Class A-1, A-2, B, X and C Notes
Triaxx Prime CDO 2006-2       Class A-1A, A-1B1, A-1B2, A-1BV, A-2, X and C 
Triaxx Prime CDO 2007-1       Class A-1T, A-1D, A-2, B, X and C Notes
Triaxx Funding High 
  Grade I, Ltd. CDO

Distribution of the ICP Fair Fund 
The Distribution Agent, in consultation with the SEC and the economic expert, 
will develop a plan of distribution for the ICP Fair Fund to propose to the 
Court with the goal of providing a fair and reasonable distribution of the ICP 
Fair Fund assets to those investors that suffered economic losses as a result 
of the conduct underlying the Civil Action.

How to Apply? 
In order to be considered for a recovery, please submit a claim form and any 
other required information regarding your investment(s) in the Triaxx CDOs to 
the ICP Fair Fund via email at:  Claim forms are 
available at, as well as further directions on the 
requirements for your submission.  If you wish to mail your submission, please 
direct the submission to the ICP Fair Fund, 17 Technology Place, Suite 1, 
Syracuse, NY 13057.  For more information, please visit or 
contact the Distribution Agent at 

Claim Filing Deadline 
Submissions must be made no later than midnight on March 12, 2021.
ICP Fair Fund, 17 Technology Place, Suite 1, Syracuse, NY 13057 
(315) 251-6072

SOURCE RCB Fund Services

CONTACT: Brendan Manfreda, Managing Director, Richard C. Breeden & Company LLC,