TUTTLE v. SKY BELL ASSET MANAGEMENT, C 10-03588 WHA. (2012)
Court: District Court, N.D. California
Number: infdco20120420d27
Filed: Apr. 20, 2012
Latest Update: Apr. 20, 2012
Summary: ORDER REQUIRING ADDITIONAL INFORMATION REGARDING PROPOSED SETTLEMENT WILLIAM ALSUP, District Judge. The Court is trying to understand the plan of allocation. Class counsel shall submit a list of class members by name with the percentage ownership in each limited partnership in which said class member invested. A list with this information will need to be appended to the notice of proposed settlement that is mailed to class members so that class members will be able to determine their percentag
Summary: ORDER REQUIRING ADDITIONAL INFORMATION REGARDING PROPOSED SETTLEMENT WILLIAM ALSUP, District Judge. The Court is trying to understand the plan of allocation. Class counsel shall submit a list of class members by name with the percentage ownership in each limited partnership in which said class member invested. A list with this information will need to be appended to the notice of proposed settlement that is mailed to class members so that class members will be able to determine their percentage..
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ORDER REQUIRING ADDITIONAL INFORMATION REGARDING PROPOSED SETTLEMENT
WILLIAM ALSUP, District Judge.
The Court is trying to understand the plan of allocation. Class counsel shall submit a list of class members by name with the percentage ownership in each limited partnership in which said class member invested. A list with this information will need to be appended to the notice of proposed settlement that is mailed to class members so that class members will be able to determine their percentage of recovery under the proposed settlement and make an informed decision as to whether they seek to be bound by the settlement, if it is approved.
Please also answer the following: If there were one million dollars to be distributed to the three classes at issue and no one opted out, how would the settlement funds be distributed? The dollar amounts should be listed beside each investor's name along with the percentage. The list and response to this question shall be submitted by NOON ON APRIL 27, 2012. The deadline for distributing class notice, previously set for April 23, 2012, is hereby VACATED.
IT IS SO ORDERED.
Source: Leagle
