Blank v. Jacobs et al
| Barry Blank, Charles Paul Coco, Edward J Desautels, Robert D. Herpst, David Hust, REG Partners, LLP and William D. Witter Partners, LP |
| Arthur Andersen LLP, Jeffrey Berg, Stuart Glasser, Herman Jacobs, Jack Jacobs, Victor Jacobs, KMPG LLP, Mayer Rispler & Company, P.C., Sol Naimark, Jeffrey Rabinovich and David Shamilzadeh |
| B & E Eidorfer Foundation, Carol B. Haba and Kelel Yeteve D' Jerusalem |
| 2:2003cv02111 |
| September 30, 2009 |
| US District Court for the Eastern District of New York |
| Central Islip Office |
| Joanna Seybert |
| William D. Wall |
| Securities/Commodities |
| 15 U.S.C. ยง 78 m(a) Securities Exchange Act |
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Filing
335
MEMORANDUM & ORDER granting in part 324 Motion for Disbursement of Funds. For the foregoing reasons, Plaintiffs' motion for distribution of the Settlement Funds is GRANTED IN PART. Accordingly, it is hereby: ORDERED that the administrative determinations of the Claims Administrator accepting the claims shown an Exhibit C to the Amended Rosenbaum Affidavit, with the exception of certain claims submitted after January 12, 2011, as specified above, are approved, and said claims are here by accepted; and it is further ORDERED that the administrative determinations of the Claims Administrator rejecting the claims shown on Exhibits D and E to the Amended Rosenbaum Affidavit are approved, and said claims are hereby rejected; and it is f urther ORDERED that Berdon Claims Administration LLC be paid the sum of $99,583.40 from the Gross Settlement Fund for the balance of its fees and expenses incurred and to be incurred in connection with the services performed and to be performed in giving notice to the Class, preparing tax returns for the Gross Settlement Fund, processing the Proofs of Claim, and administering and distributing the Net Settlement Fund; and it is further ORDERED that the balance of the Gross Settlement Fund, after deducting the payments previously allowed and set forth herein (the "Net Settlement Fund"), shall be distributed to the Authorized Claimants in accordance with this Memorandum and Order in proportion to the Recognized Claim allocable to each such eligible claimant as shown on such printout; and it is further ORDERED that the payments to be distributed to the Authorized Claimants shall bear the notation "CASH PROMPTLY, VOID AND SUBJECT TO RE-DISTRIBUTION 180 DAYS AFTER ISSUE DATE." Plaintiffs' Counsel and the Claims Administrator are authorized to take appropriate action to locate and/or contact any eligible claimant who has not cashed his, her, or its distribution within said time; and it is further ORDERED t hat all persons involved in the review, verification, calculation, tabulation, or any other aspect of the processing of the claims submitted herein, or otherwise involved in the administration or taxation of the Gross Settlement Fund or the Net Settl ement Fund are released and discharged from any and all claims arising out of such involvement, and all Class Members, whether or not they are to receive payment from the Net Settlement Fund, are barred from making any further claim against the Net S ettlement Fund or the released persons beyond the amount allocated to them pursuant to this Memorandum and Order, and it is further ORDERED that the Claims Administrator is hereby authorized to discard paper or hard copies of the Proofs of Claim and supporting documents not less than one year after the initial distribution of the Net Settlement Fund to the eligible claimants and electronic or magnetic media data not less than three years after the initial distribution of the Net Settlement Fund to the eligible claimants; and it is further ORDERED that this Court shall retain jurisdiction over any further application or matter which may arise in connection with this action; and it is further ORDERED that no claim submitted after the date of this Memorandum and Order may be accepted by the Claims Administrator. So Ordered by Judge Joanna Seybert on 3/27/2013. C/ECF (Valle, Christine)
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Filing
248
MEMORANDUM AND ORDER - Pending before the Court is a motion for class certification by the proposed Lead Pltffs. For the reasons set forth herein, the Court DENIES the motion for class certification without prejudice, and with leave to renew. Pltffs may put forth alternate proposed lead pltffs within sixty days of the issuance of this Memorandum & Order. Ordered by Judge Joanna Seybert on 9/30/09. C/ECF (Valle, Christine)
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