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The Settlement Fund Board

In order to administer and distribute the settlement fund, a Settlement Fund Board was appointed by the Honorable John Garamendi, the Insurance Commissioner of the State of California. The Board consists of three members: Berj Boyajian, Esq., Paul Krekorian, Esq., and Viken Manjikian, M.D. The board members’ duties are executed without compensation from the settlement fund or from any other source. The Board is charged with determining whether to approve each individual claim for payment. In doing so, the Board is bound by the terms of the settlement agreement, and the distribution of the settlement fund must be approved by the Court.

The Board is currently in the process of evaluating all claims that were submitted by the Claim Notice submission deadline of March 16, 2005. The Board will consider and decide whether to accept or reject each claim individually on its own terms. Because much time, research, and analysis is involved in evaluating each claim, the decision of the Settlement Fund Board will be final, with no right of appeal.