ASSIGNEE UPDATE
As of March 27, 2006: Redemption Card Program Completed
We are happy to report that Ara Collectibles, LLC ("AC, LLC") has informed the Assignee that it has completed the redemption card program, utilizing approximately 150,000 autographed and event/game used cards to fulfill nearly 50,000 redemption requests. Collectors should allow until April 3, 2006 to receive their cards. It may take slightly longer for cards sent internationally to arrive. The Assignee?s Office and the Burlington County Office of Consumer Affairs extensively monitored the process, and have been satisfied with the fulfillment program, implemented by AC, LLC.
Pursuant to the terms of the Agreement, AC, LLC, which purchased over 305,000 cards from the Assignee, has slightly more than half of these cards remaining after completion of the redemption program. As a result, collectors may see AC, LLC selling Fleer cards through various outlets such as collectible shows or online auction services. AC, LLC owns these cards, as per their purchase agreement with the Assignee, and is within its rights to sell them.
To reiterate the terms of the program, redemption cardholders should have received 1 autographed card and 2 game/event-used cards, for each redemption card that was on file with Fleer.
The program was completed in a random fashion with no regard to the alleged value of the original redemption card, as approved by the Court on January 17, 2006. AC, LLC did not know the exact cards owed to collectors, only the sport. Efforts were made to send collectors the same sport; however, at the end of the program, due to autograph shortages, basketball autographs may have been substituted for some football and baseball collectors. Collectors cannot exchange their cards.
Any cardholders who did not receive the correct amount of redemption cards should contact the Assignee at fleer@pbnlaw.com or by calling (973) 889-4096.
The Assignee also continues to receive unfulfilled redemption cards. The deadline to submit redemption cards was originally October 31, 2005. The database was then subsequently closed on January 17, 2006, as part of the redemption card program motion.
Please be aware that redemption cards, issued by Fleer Skybox International, LP, not submitted to the Assignee by the deadline, are no longer valid and cannot be submitted for fulfillment. This includes redemption cards that remain in sealed product issued by Fleer Skybox International, LP. (NOTE: This does not include Fleer redemption cards issued by Upper Deck. Upper Deck redemption cardholders should follow Upper Deck's terms, conditions and procedures in order to obtain their cards.)
The Assignee also continues to receive NPN requests for old Fleer/Skybox International, LP product. The Assignee has no product to send in response to these requests.
As of February 9, 2006: The Redemption Card Program Has Started
The Assignee's redemption card program has commenced and cards are being sent on a rolling basis to redemption cardholders. The goal is to have the program completed by the end of March 2006. Any redemption card request not in the database, as of the Court?s January 17, 2006 Order, are not part of the redemption card program. Collectors should stop sending redemption card requests to the Assignee, Ara Collectibles and/or the former Fleer P.O. Boxes listed on the cards, as they will not be honored.
The following should be noted about the redemption card program itself. To contribute to the randomness of the redemption card program (as fully described in the motion filed by the Assignee), the database turned over to Ara Collectibles only contained the name, street address and sport of the card(s) owed. Ara Collectibles has no information about the specific card that was submitted by the cardholder. Further, the year of the card will also be random.
It has come to the Assignee?s attention that unreleased 2005 Fleer branded football cards, not issued by Upper Deck, have entered the marketplace. Any redemption cards from this issue are not part of the redemption card program and cannot be submitted. Further, collectors should not send in NPN?s for this or any Fleer product as they will not be honored. NPN's and redemption cards for Fleer branded product, produced by Upper Deck, should be sent to Upper Deck under the terms and conditions on their cards and packaging.
Questions about the redemption card program should be directed to the Assignee?s office and not Upper Deck, as Upper Deck is no way involved in this process.
As of January 17, 2006: The Redemption Card Program is Approved, The Database is Closed
Today, the Redemption Card Program was approved by the Court. Ara Collectibles (Cherry Hill, NJ) will be completing the program. Those who are owed redemption cards and appear in the Fleer database will receive (1) autographed card and two (2) game-used/memorabilia cards, at random, for each card they are owed. The cards will be from the same sport they submitted for. A copy of the Order can be found on the Documents page, Tab 73.0. The goal is to complete the program by March or April of this year.
As of January 12, 2006: Redemption Card Motion Hearing Adjourned a Second Time
The Redemption Card hearing scheduled for Friday, January 13, 2006 has been adjourned to Tuesday, January 17, 2006 at 3:00 p.m. Thomas Fish of Frontline Collectibles filed an objection to the motion just prior to the hearing date, which triggered the adjournment. Further, the Distribution motion in the Fleer Collectibles case was also moved to Tuesday?s hearing. Please keep an eye on Fleerabc.com for additional information.
As of December 13, 2005: Redemption Card Motion Hearing Adjourned
The redemption card motion, originally set for a December 9th hearing date, has been adjourned to January 13, 2006. There was a formal objection from Major League Baseball Properties and informal objections received from the National Basketball Association and the National Football League. No other parties objected prior to the objection deadline. The objection and the inquiries have been settled by stipulation and had no bearing on the adjournment.
As contemplated in the motion, a buyer has come forward to purchase the redemption card program and inventory from the Fleer Estate. In order to finalize the purchase and ensure the proper completion of the program, the motion was adjourned to January 13, 2006.
Please note that the buyer will be required to complete the redemption card program exactly as designed by the Assignee. Redemption cardholders should be unaffected by this change, with the exception of the program starting at a slightly later date.
The Assignee will be filing a supplement to the redemption card motion that provides additional detail prior to the January 13, 2006 hearing.
Keep and eye on this website for additional information.
The deadline has passed to file redemption cards with the Assignee. The Assignee has filed a motion with the Court that outlines the redemption card program.
FOR A F.A.Q. PAGE ABOUT THE ASSIGNEE'S REDEMPTION CARD PROGRAM PLEASE CLICK HERE.
THIS FAQ SHOULD ADDRESS MOST OF THE QUESTIONS PEOPLE WILL HAVE ABOUT FLEER'S REDEMPTION CARDS AND THE DISTRIBUTION OF SAME.
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