CERTIFIED PUBLIC ACCOUNTANTS
 
FRAUD EXAMINERS  
 
RESTRUCTURING ADVISORS

 

Creditor

Getty Petroleum Marketing, Inc.

Getty Petroleum Marketing was a leading marketer of gasoline and oil products. It was a former subsidiary of Russian company Lukoil Holdings. Its primary asset was its network of nearly 800 gas stations in the Mid-Atlantic states which were leased from Getty Realty. The company filed for Chapter 11 bankruptcy in December 2011.

During the fourth quarter of 2014, the Trust calculated and began disbursement of the first interim distribution to holders of all allowed claims. Though there are still assets to be liquidated, the Trust has recovered significant amounts, most of which were attributable to the Lukoil litigation. To date, all allowed secured, administrative, and priority claims have been paid in full. The first interim distribution to the allowed general unsecured - non-priority claims was 4%.

Quarterly Reports Ending: