FAQs
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General Questions:
What is the status of Premier Global Corporation?
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The District Court of Oklahoma County, Oklahoma, the District Court of Sedgwick County, Kansas, and the District Court of Clark County, Nevada appointed Eric L. Johnson as a receiver over the following entities and individuals: Premier Global Corporation (f/k/a Premier Construction Services, Inc. and doing business as Premier Construction Billing), Premier Factoring, LLC, PF-2, LLC, PF-3, LLC, PF-4, LLC, PF-5, LLC, PF-6, LLC, PF-7, LLC, DDI Advisory Group, LLC, Steve Johnathan Parish, Richard Dale Dean, Premier Factoring Group, LLC and KCI Business Services LLC (collectively, the “Receivership Entities”). Additional information about the Receivership can be found at the Oklahoma Department of Securities website and in the Receiver’s Reports. The Receiver is in the possession of, investigating, securing, and liquidating the assets of the receivership estate.
Why was the Receivership necessary?
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See the petition filed by the Oklahoma Department of Securities on their website for a summary of the reasons for the filing. https://www.securities.ok.gov/Press_Releases/pgc.asp)
What is a Receivership?
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A receivership is a court proceeding. In a receivership, a court appoints someone to take control of the property of one of the parties to a case, typically a defendant or multiple defendants. When appointed, the receiver steps into the shoes and exercises, exclusively, all of the rights relating to the property placed into his or her hands. The defendant (or other person) is generally excluded from exercising any ownership rights and must defer to the receiver. Sometimes a receiver is placed into general control of categories of property and then is obligated to investigate and report to the court on the specific assets that are located within each category. Receivership property is not limited to things like land, buildings, cars, money and jewelry. Receivership property also includes legal rights, management rights, legal claims against third persons, documents, information, electronic data, accounts, passwords, and other things that are necessary for the receiver to fully perform his or her job. That job ultimately is to locate, preserve and/or liquidate the assets of the receivership entity and to distribute the proceeds as directed by the Court, under the oversight and direction of the court.
Does this mean Premier Global is going out of business?
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Premier Global is not engaged in active operations. The goal of the Receiver is to evaluate assets and maximize asset values to create as much value as possible.
Which entities are included in the Receivership?
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Premier Global Corporation, Premier Factoring, LLC, PF-2, LLC, PF-3, LLC, PF-4, LLC, PF-5, LLC, PF-6, LLC, PF-7, LLC, DDI Advisory Group, LLC, Premier Factoring Group, LLC, KCI Business Services, LLC , Steve Jonathan Parish, and Richard Dale Dean.
Where can I learn more about the Receivership and obtain periodic updates?
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Please review the Receiver’s reports that can be accessed on the Reports page. Additional information about the Receivership can be found at case.stretto.com/premierglobal.
Claims:
How do I file a claim?
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Each proof of claim must be filed, including supporting documentation, by either electronic submission or mail. (i)electronic submission using the interface available on the claims website at https://cases.stretto.com/premierglobal/ You will need this password to submit claim form electronically. This unique e-claim password was included in the instructions that were mailed to you with the bar date notice and proof of claim form. If you submit electronically, do not also mail your claim form. (ii) if submitted through non-electronic means, by U.S. Mail or other hand delivery system, so as to be actually received by the claims agent on or before 5:00 p.m. (central standard time) on April 30, 2025 at the following address: Premier Global Corporation et al., Claims Processing c/o Stretto 410 Exchange, Suite 100 Irvine, CA 92602 Proofs of claim submitted by facsimile or electronic mail will not be accepted. If you have any questions about the Proof of Claim procedure or require confirmation that you claims has been received, you may call Stretto at (855) 479-4231 and/or email Stretto at PremierGlobalInfo@stretto.com and/or enclose a stamped self-addressed envelope and a copy of the proof of claim.
When do I need to file claim by?
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THE DEADLINE FOR SUBMITTING YOUR PROOF OF CLAIM IS 5:00 p.m. (central standard time) on APRIL 30, 2025 (the “Bar Date”). If you wish to have an opportunity to share in the distribution of the available liquidated assets of the receivership estates, your proof of claim form(s) must be received by the Bar Date. Proof of claim forms received after the Bar Date may receive no distribution of assets.
What is the timing for distributions to claimants?
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The Receiver is working to evaluate and execute a strategy to maximize assets. The timetable will be dependent upon the time required for maximum recovery and to complete the claims process.
How long does this process usually take?
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Each case is different and the length of time is unknown.
What percentage of my money will I get back?
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It is too early to know the percentage.
Estate Assets:
How much money has been recovered?
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Please review the Receiver’s reports that can be accessed on the Reports page.
Contact Information:
I have questions, who do I contact?
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Please direct inquiries to PremierGlobalInfo@stretto.com or at 855-479-4231