See NF case 6.7 Situation C ruling on page 49 of the 2001-2002 case book. It states the ball would remain live if the continuous motion started and the shooter was fouled before the release EXCEPT if time expires before the ball is in flight. According to this case, the ball became dead at the expiration of time. If the end of a quarter was not a factor, the ball is still live, the basket would count and the shooter would get one free throw, unless intentional or flagrant, then the shooter would get two.
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Yom HaShoah
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