In re American Realty Capital Properties, Inc. Litigation, 1:15-mc-00040-AKH. (2020)
Court: District Court, S.D. New York
Number: infdco20200205875
Visitors: 10
Filed: Jan. 29, 2020
Latest Update: Jan. 29, 2020
Summary: ORDER CONCERNING PERIODIC REPORTS BY CLAIMS ADMINISTRATOR ALVIN K. HELLERSTEIN , District Judge . As discussed on the record during the January 21, 2020 hearing of Lead Plaintiff's Motion for Final Approval of Settlement and Plan of Allocation (ECF No. 1282), claims administrator, Gilardi & Co. LLC, shall submit to the Court periodic reports as follows: First Report: Upon the completion of the processing of claims, a report describing how many claims were received and
Summary: ORDER CONCERNING PERIODIC REPORTS BY CLAIMS ADMINISTRATOR ALVIN K. HELLERSTEIN , District Judge . As discussed on the record during the January 21, 2020 hearing of Lead Plaintiff's Motion for Final Approval of Settlement and Plan of Allocation (ECF No. 1282), claims administrator, Gilardi & Co. LLC, shall submit to the Court periodic reports as follows: First Report: Upon the completion of the processing of claims, a report describing how many claims were received and t..
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ORDER CONCERNING PERIODIC REPORTS BY CLAIMS ADMINISTRATOR
ALVIN K. HELLERSTEIN, District Judge.
As discussed on the record during the January 21, 2020 hearing of Lead Plaintiff's Motion for Final Approval of Settlement and Plan of Allocation (ECF No. 1282), claims administrator, Gilardi & Co. LLC, shall submit to the Court periodic reports as follows:
First Report: Upon the completion of the processing of claims, a report
describing how many claims were received and the
aggregate amount of such claims;
Second Report: Once the first distribution is sent, a report informing the
Court that distribution of the Net Settlement Fund has begun
and the amount distributed;
Third Report: After a reasonable time for negotiating the checks has
passed, a report informing the Court that a second
distribution was made and the amount of that second
distribution; and
Fourth Report: After a reasonable time for negotiating the checks issued in
the second distribution has passed, a report informing the
Court that a third distribution is appropriate and the amount
of that third distribution, or if it is determined that the
remaining Net Settlement Fund is de minimus, that a
charitable contribution to a community trust in the City of
Baltimore was made, and the amount of that charitable
contribution.
IT IS SO ORDERED.
Source: Leagle
