In re LDK Solar Securities Litigation

Filing 588

ORDER AUTHORIZING DISTRIBUTION OF SETTLEMENT FUND by Judge Alsup granting #583 Motion for Disbursement of Funds (whalc2, COURT STAFF) (Filed on 12/17/2010)

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In re LDK Solar Securities Litigation Doc. 588 1 Herbert E. Milstein hmilstein@cohenmilstein.com 2 Joshua S. Devore jdevore@cohenmilstein.com 3 Matthew B. Kaplan 4 mkaplan@cohenmilstein.com COHEN MILSTEIN SELLERS & TOLL PLLC 5 1100 New York Avenue, N.W. West Tower, Suite 500 6 Washington, D.C. 20005-3964 Telephone: (202) 408-4600 7 Facsimile: (202) 408-4699 8 Lead Counsel for the Class 9 Joseph J. Tabacco, Jr. (75484) 10 jtabacco@bermandevalerio.com Christopher T. Heffelfinger (118058) 11 cheffelfinger@bermandevalerio.com Anthony D. Phillips (259688) 12 aphillips@bermandevalerio.com 13 BERMAN DEVALERIO 425 California Street, Suite 2100 14 San Francisco, CA 94010 Telephone: (415) 433-3200 15 Facsimile: (415) 433-6282 16 Liaison Counsel for the Class 17 18 19 20 IN RE LDK SOLAR SECURITIES 21 LITIGATION 22 23 This Document Relates To: 24 All Actions. 25 26 27 28 [C-07-05182-WHA (BZ)]--[PROPOSED] ORDER AUTHORIZING DISTRIBUTION OF SETTLEMENT FUND Dockets.Justia.com UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA ) ) ) ) ) ) ) ) ) ) Master File No. C-07-05182-WHA (BZ) [PROPOSED] ORDER AUTHORIZING DISTRIBUTION OF SETTLEMENT FUND 1 This matter having come before the Court on Lead Plaintiff's Unopposed Application for 2 Approval of Distribution of Settlement Fund and for good cause shown; 3 IT IS HEREBY ORDERED, ADJUDGED AND DECREED that: 4 1. The Court approves the recommendation of Lead Plaintiff and the Claims 5 Administrator that all otherwise valid claims dated after the August 16, 2010 claims deadline but 6 received prior to December 3, 2010 shall be deemed to have been timely filed. 7 2. Pursuant to Lead Plaintiff's request, an additional $3,161.05 in addition to the 8 amount previously approved by the Court in litigation expenses (plus interest on such amount 9 accrued at the same rate as that earned on the settlement fund) shall be distributed from the 10 Settlement Fund to the law firm that actually has or actually will pay such expenses. 11 3. Plaintiff's counsel shall disburse the remaining one-half of attorneys fees and 12 expenses previously awarded but deferred until distribution of the Settlement Fund without 13 further Order of the Court at the same time Plaintiff's counsel provides to the Court certification 14 in the form of a filing of a Notice of Distribution that checks have been mailed to valid claimants. 15 4. The Claims Administrator's determination as to how the Net Settlement Fund 16 shall be allocated is approved, including the Claims Administrator's determination that claimant 17 Bo Lee is not entitled to a payment from the Net Settlement Fund. 18 5. Pursuant to the terms of the Settlement, all claimants, whether or not they are to 19 receive payment from the Net Settlement Fund, are hereby barred from making any further claim 20 against the Settlement Fund or the Released Parties beyond the amount allocated to them by the 21 Claims Administrator. 22 6. The Claims Administrator is authorized to destroy paper records relating to 23 this matter after one year and electronic copies after three years. 24 25 IT IS SO ORDERED. 26 27 28 [C-07-05182-WHA (BZ)]--[PROPOSED] ORDER AUTHORIZING DISTRIBUTION OF SETTLEMENT FUND -2- 1 Dated: December 17, 2010. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WILLIAM ALSUP UNITED STATES DISTRICT COURT JUDGE [C-07-05182-WHA (BZ)]--[PROPOSED] ORDER AUTHORIZING DISTRIBUTION OF SETTLEMENT FUND -2-

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