PR87510

WASHINGTON, Jan. 11, 2021 /PRNewswire=KYODO JBN/ --

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: www.icpfairfund.com or

www.sec.gov/divisions/enforce/claims/icp-asset.htm.

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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 Notes

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: info@icpfairfund.com.  Claim forms are

available at www.icpfairfund.com, 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 www.icpfairfund.com or

contact the Distribution Agent at info@icpfairfund.com.

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

www.icpfairfund.com

(315) 251-6072

SOURCE RCB Fund Services

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

+1-240-430-2630, bmanfreda@breedenco.com