Welcome to the Luca Fair Fund Website
Background
The United States Securities and Exchange Commission (“SEC” or “Commission”) established a Fair Fund (the "Luca Fair Fund") in its proceedings against Luca International Group LLC, et al.
On July 6, 2015, the Commission filed a complaint (“Complaint”) against Luca International Group, LLC; Luca Resources Group, LLC; Luca Energy Fund, LLC; Entholpy EMC, Inc.; Bingqing Yang; Lei (Lily) Lei; Anthony V. Pollace; and Yong (Michael) Chen (collectively, the “Defendants”) and against Luca Operation, LLC; Luca Barnett Shale Joint Venture; Luca To-Kalon Energy, LLC; Luca Oil, LLC; Luca I, Limited Partnership; Luca Oil II Joint Venture; J&Q Int'l Trading, Inc.; Skyline Trading, LLC; and Xiang Long Zhou (collectively, the “Relief Defendants”). The SEC alleged that, from 2007 through at least 2014, Defendant Yang through her wholly-owned management companies orchestrated a $68 million affinity fraud which targeted the Chinese American community as well as investors in Asia to invest in unregistered offerings of a series of investment funds.
The Plan seeks to Compensate investors who were harmed by the Defendants’ conduct alleged in the Complaint, in connection with investments in unregistered offerings. As calculated using the methodology detailed in the Plan of Allocation (attached as Exhibit A to the Distribution Plan), U.S. investors will be compensated for their losses arising from investments in unregistered offerings in Luca Barnett Shale Joint Venture, Luca Oil LLC, Luca To-Kalon Energy LLC, Luca I Limited Partnership, and Luca Oil II Joint Venture (the “Securities”), that were purchased between January 1, 2007 and December 31, 2014 (the “Relevant Period”).
On July 13, 2023, the Court established a fair fund to hold all funds collected from the Defendants (the “Luca Fair Fund” or “Fair Fund”). As of June 21, 2024, the Fair Fund balance is $1,990,496.29.
On July 13, 2023, the Court appointed KCC Class Action Services, LLC, (“KCC”) as the distribution agent for the Fair Fund (the “Distribution Agent”). The Distribution Agent is responsible for administering the Fair Fund in accordance with the Distribution Plan.
Preliminary Claimants can submit a Certification Form electronically through the “Certification Form” link on this website. To participate, a Preliminary Claimant’s Certification Form must be postmarked or submitted electronically in order to receive consideration under the Plan by December 1, 2024.
On August 20, 2024, the Court approved a Distribution Plan for the Luca Fair Fund (the "Plan").
You can get further information about the Fair Fund and the process on the Frequently Asked Questions tab on this website. If you have additional questions after reviewing the information on this website, please contact the Distribution Agent, KCC, through the contact information set forth on the Contact Us tab on this website.