Hiscox Syndicates Limited v. Paper Bird, Inc. et al

Filing 95

***DISREGARD. "Proposed" wasn't removed. Re-filed as Docket No. 96 .**ORDER by Judge Haywood S. Gilliam, Jr. GRANTING 94 Second Motion for Disbursement of Funds. (ndr, COURT STAFF) (Filed on 5/8/2024) Modified on 5/8/2024 (ndr, COURT STAFF).

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JENNIFER RANDLETT MADDEN (SBN 184905)
DELFINO MADDEN O’MALLEY COYLE
& KOEWLER LLP
500 Capitol Mall, Suite 1550
Sacramento, CA 95814
Telephone: [phone]
Facsimile:
[phone]
Email: [e-mail]
Attorneys for Defendant
ROSS RHEINGANS-YOO

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UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA

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HISCOX SYNDICATES LIMITED,
a Private Limited Liability Company
formed in England

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Case No. 4:23-cv-04033-HSG
PROPOSED ORDER DIRECTING
SECOND REIMBURSEMENT FROM
COURT’S REGISTRY

Plaintiffs,
v.

No Hearing Unless Requested By Court

SAMUEL BANKMAN-FRIED, NISHAD
SINGH, RAMNIK ARORA, CLAIRE
WATANABE, HOWARD ANDREW
FISHER, AMY WU, ZIXIAO (GARY)
WANG, RYAN SALAME, CAN SUN,
CONSTANCE ZHE WANG, LUK WAI
(JEN) CHAN, NATALIE TIEN, ZANE
TACKETT, ZHONGYUAN (DAVID)
MA, DANIEL FRIEDBERG, ROBIN
MATZKE, PATRICK GRUHN, ROSS
RHEINGANS-YOO, NICHOLAS
BECKSTEAD, and JONATHAN
CHEESMAN

Complaint Filed:
First Am. Complaint:

August 9, 2023
August 10, 2023

Defendants.

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PROPOSED ORDER DIRECTING SECOND REIMBURSEMENT

CASE NO. 4:23-CV-04033-HSG

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WHEREAS Plaintiff Hiscox Syndicates Limited paid the proceeds of a certain insurance

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policy into the Registry of the Court pursuant to a so-ordered stipulation dated December 21, 2023

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(ECF No. 72, “Stipulation”); and

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WHEREAS the Stipulation identifies certain Defendants as the “WBR Claimants,” each of

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whom are entitled to reimbursement of defense costs up to $66,666.67 from the “WBR Set Aside”

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and $33,333.33 from the “Future Claimant Set Aside,” as those terms are defined in the Stipulation,

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for a total of $100,000 in defense costs; and

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WHEREAS Ross Rheingans-Yoo (“Ross”) is identified in the Stipulation as a WBR
Claimant; and

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WHEREAS the Stipulation provides that WBR Claimants “shall make requests for

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distribution of the WBR Set Aside by letter to the Court filed on the docket and attaching summary

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invoices for the Court’s review;” and

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WHEREAS by pleading filed on March 4, 2024, Ross docketed a request to receive

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reimbursement from the WBR Set Aside portion of the Court’s Registry in the amount of

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$46,524.07, which request was supported by summary invoices of his defense costs, as required by

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the Stipulation; and

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WHEREAS on March 5, 2024, the Court entered an order (ECF No. 85) determining that

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Ross was entitled to reimbursement of $46,524.07 and directing the Clerk of the Court and Finance

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Department to electronically transfer such funds to Ross; and

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WHEREAS on May 6, 2024, Ross docketed a request to receive reimbursement from the

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WBR Set Aside and Future Claimant Set Aside portions of the Court’s Registry in the amount of

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$25,701.47, which request was supported by summary invoices of his defense costs, as required by

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the Stipulation; and

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WHEREAS the Court reviewed the summary invoices submitted by Ross, together with

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any additional information requested, and determined that Ross is entitled to reimbursement of

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$25,701.47; and

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///

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PROPOSED ORDER DIRECTING SECOND REIMBURSEMENT
4887-4199-0789, v. 1

CASE NO. 4:23-CV-04033-HSG

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WHEREAS Ross, in connection with his March 5, 2024 pleading, already provided the

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Court with an executed Form AO 213P (Request for Payee Information and TIN Certification) and

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IRS Form W-9.

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WHEREFORE, for the foregoing reasons, the Clerk of the Court is ORDERED to pay the

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sum of $25,701.47 to Ross Rheingans-Yoo by electronic funds transfer in accordance with the EFT

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information provided on the Form AO 213P.
IT IS SO ORDERED. The Finance Department is directed to withdraw the funds.

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Dated:

5/8/2024

United States District Judge
Hon. Haywood S. Gilliam, Jr.

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PROPOSED ORDER DIRECTING SECOND REIMBURSEMENT
4887-4199-0789, v. 1

CASE NO. 4:23-CV-04033-HSG