I will explain the lawsuit as best as possible in laymen terms as I see quite a bit of misinformation out there. You WILL receive money if the following applies.
1. Were you released between 1999 and 2021? If so....move to next step.
2. Did you receive ANY SISIP LTD payments between 2012 and 2021? If so...move to next step.
3. Were you receiving ANY allowances on the exact moment you released? Not the day before, the EXACT moment? You can verify by checking release docs. If so....move to next step.
4. By June 23rd 2025 you will receive 75% of those allowances back, as per our typical policy with sisip ltd. So....let's say you got $400 allowances, SISIP owes you $300 per month. If you were on sisip for 2 years...then you will receive 2 years of allowances at 75%. They are paying based on release date. They have until June 23rd, next month to have 50% of us paid off. It seems they are on track as I estimated I'd be paid first week of May, and I was only a couple days off.
****they are taking taxes, lawyer fees and a "tip" to Simon Logan who is receiving $50,000 on top of his claim. Lawyer is approx 17% and 20% for taxes. So.....the formula for amount owed is......(Allowances amount) x (time on sisp ltd) = gross
Then take (Gross) - (25% sisip policy reduction + 20% Taxes + 17% lawyer) = net or......
(Gross) - (62%) = net