Investors stung by the collapse of William Jordan Investments Inc., which filed for bankruptcy last year while securities regulators were investigating the firm’s finances, are expected to split at least $2.4 million in cash recovered from the sale of some of its real-estate investments, WSJ Pro Bankruptcy reported. Lawyers who have sold off properties tied to the Laguna Hills, Calif., firm have proposed to distribute some of the sale money in the next few months. It is unclear how far the money will go to repay the firm’s roughly 100 investors, who face July deadlines to submit an estimate of how much money they lost. Regulators have said that the firm’s former president, William Jordan, collected more than $71 million from investors for real-estate loans during a five-year period.
