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Bankruptcy Court Opening Online Updates on Evergreen Case

ORLANDO-The Federal Government is constructing a Web site that will daily update about 2,500 global investors who claim to have lost a total $200 million on what they thought were government-sponsored, mortgage-backed securities.

By Alex Finkelstein | Updated on March 29, 2001

ORLANDO-Breaking new legal consumer ground, the US Bankruptcy Court for the Middle District of Florida is constructing a Web site (evergreencreditorscommittee.com.) that will daily update about 2,500 global investors who claim to have lost a total $200 million on what they thought were government-sponsored, mortgage-backed securities. Court officials here expect the site to be fully up and running in a few weeks.

The site will have click buttons for proof of claim, updates, a Chapter 11 Trustee Report, creditor’s committee updates and contacts.

The deadline for filing claims is May 29. Court officials believe there may be other investors who are unable to obtain proof of claim forms from the court directly to file their losses by the deadline but may be able to do so using the online forms. That’s one reason the site is being created.

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