In re GSE Bonds Antitrust Litigation, 19-cv-1704 (JSR). (2020)
Court: District Court, S.D. New York
Number: infdco20200214876
Visitors: 2
Filed: Feb. 06, 2020
Latest Update: Feb. 06, 2020
Summary: ORDER JED S. RAKOFF , District Judge . On January 30, 2020, the Court held a preliminary approval hearing for the final two proposed settlements in the above-captioned case. Although the Court preliminarily approved one settlement on February 3, 2020, the Court withheld judgment on plaintiff's proposed settlement with Barclays Capital, Inc. ("Barclays"). See Mot. for Prelim. Approval, ECF No. 340; Burke Decl., Exh. 1, ECF No. 343 ("Barclays Settlement Agreement"). The Court was primarily
Summary: ORDER JED S. RAKOFF , District Judge . On January 30, 2020, the Court held a preliminary approval hearing for the final two proposed settlements in the above-captioned case. Although the Court preliminarily approved one settlement on February 3, 2020, the Court withheld judgment on plaintiff's proposed settlement with Barclays Capital, Inc. ("Barclays"). See Mot. for Prelim. Approval, ECF No. 340; Burke Decl., Exh. 1, ECF No. 343 ("Barclays Settlement Agreement"). The Court was primarily c..
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ORDER
JED S. RAKOFF, District Judge.
On January 30, 2020, the Court held a preliminary approval hearing for the final two proposed settlements in the above-captioned case. Although the Court preliminarily approved one settlement on February 3, 2020, the Court withheld judgment on plaintiff's proposed settlement with Barclays Capital, Inc. ("Barclays"). See Mot. for Prelim. Approval, ECF No. 340; Burke Decl., Exh. 1, ECF No. 343 ("Barclays Settlement Agreement"). The Court was primarily concerned about a provision of a sealed supplemental agreement between plaintiffs and Barclays that the parties were required to identify under Rule 23(e)(3).
On February 5, 2020, the Court held an additional preliminary approval hearing regarding this supplemental Barclays agreement. In order to address the Court's concerns, the parties proposed revisions to their class notice, see transcript 02/05/2020. Subject to these notice revisions, the Court is now satisfied that the agreement does not weigh against preliminary approval. Because the Barclays Settlement Agreement is substantially similar in most other respects to the prior settlements this Court has preliminarily approved, the Court preliminarily approves the Barclays settlement for substantially the same reasons it preliminarily approved the prior settlements. The Court will hold a final approval hearing on June 9, 2020 at 3:30 pm.
SO ORDERED.
Source: Leagle
