Thanks for your input. The shares were distributed absent consideration. Because the issuing company was bankrupt, the court ultimately determined that the shares were fraudulently issued. As such, the shares needed to be returned to the issuer As an incentive to participate in the claw-back, shareholders were told they would receive $2 for each share returned. So ... the shares are gone and the $2/share has not been paid. Fidelity (my broker at the time) reported the shares as sold with $0 proceeds (and $0 cost). I'm just wondering if I need to report this transaction at all!
