-JO Jacob Friedman, Estelle Sapir and Miriam Stern, on Behalf of Themselves and All Others Similarly Situated v. Union Bank of Switzerland, et al. (See Doc. No. 897)

Filing 4702

MEMORANDUM AND ORDER Approving Set 21: 9 Adjustments Certified by the Claims Resolution Tribunal Pursuant to Article 31(2) of the Rules Governing the Claims Resolution Process and Authorizing Payment from the Settlement Fund (This is Doc. No. 104 filed in 09 CV 160 on 5/26/11). Ordered by Senior Judge Edward R. Korman on 3/26/2011. (Greene, Donna)

UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK

*

MAY 262011

----------------------------------------------------------- BROOKLY~F~~~;:NO. 09-160 (ERK)(JO)
...

IN RE: HOLOCAUST VICTIM ASSETS
LITIGATION

:

(Consolidated with CV 96-4849,
CV 96-5161 and CV 97-461)

•
This Document Relates to: All Cases

MEMORANDUM & ORDER

x
MEMORANDUM & ORDER APPROVING SET 21: 9 ADJUSTMENTS CERTIFIED
BY THE CLAIMS RESOLUTION TRIBUNAL PURSUANT TO ARTICLE 31(2) OF
THE RULES GOVERNING THE CLAIMS RESOLUTION PROCESS AND
AUTHORIZING PAYMENT FROM THE SETTLEMENT FUND

KORMAN, Senior Judge:
As provided under the Settlement Agreement, and in accordance with the procedures
established in the December 8, 2000 Memorandum & Order and in the Distribution Plan, and
my June 16, 2010 Memorandum and Order Approving Adjustment of Presumptive Values
Used in the Claims Resolution Process and Authorizing Additional Payments for Deposited
Assets Class Plausible Undocumented Awards, the Claims Resolution Tribunal (the "CRT")
is hereby requesting the Court's approval, pursuant to Article 31(2) of the Rules, of 9
Certified Adjustments listed in Annex A and the resources to pay these Adjustments through
funds to be deposited in the Swiss Banks Settlement-Dormant Accounts-Payment Account
from the Settlement Fund. The total amount of these 9 Adjustments is US $971,411.16.
The Certified Adjustments listed in Annex A have been certified by the CRT in
accordance with the presumptive value adjustment amounts set forth in my June 16, 20 I 0
Memorandum & Order (see chart, "Article 29 Value Presumptions for Accounts with
Unknown or Low Values (1945 Values)").

As set forth in the Adjustments and as required by Article 31 (3) of the Rules, the
Certified Adjustments shall be paid in full by the Special Masters after approval of such
Adjustments by the Court. Therefore, it is hereby
ORDERED that the attached 9 Adjustments hereby are approved for payment
pursuant to Article 31(2) of the Rules;
ORDERED that for the payment of these 9 Adjustments certified by the CRT and
approved by the Court, the Signatories of the Settlement Fund are hereby ordered to transfer
immediately US $971,411.16 from the Settlement Fund to the Swiss Banks SettlementDormant Accounts-Payment Account;
It is further ordered that the Special Masters shall provide the Court with the name

and address of every class member receiving an Adjustment which information shall be filed
with the Court under seal.
I will issue additional orders approving Adjustments certified by the CRT and
transferring further sums from the Settlement Fund as the CRT certifies them to this Court.

Dated:

Brooklyn, New York
March ~, 2011

SO ORDERED:

s/Edward R. Korman
Edward R. Korman
United States District Judge

CLAIMS RESOLUTION TRIBUNAL
PV BATCH XXI - ANNEX A
Pursuant to Article 16 of the Rules Governing the Claims Resolution Tribunal, as amended, (the
"Rules"), the Claims Resolution Tribunal hereby certifies as of 28 March 2011 the following
Adjustments for approval by the Court:

•
Claim
Number(s)
1
2
3
4
5
6
7
8
9

600767
217545,
217758
221204,
501812
400697,
401223
501874
212142,
212143,
501077
402179
751112
402231,
402232,
402233

Account Owner Name
Bauer, Johanna

Adjustment
Amount
(USD)
99,132.23

Bloch, Charles et al

1,621.90

Bondi, Helene et al

82,510.34

Broch, Erich

82,510.34

Gumprich, Adolf et al

80,888.43

Leser, Eduard et al

409,617.76

Schindler, Julius
Scholem-Sussmann, S.

84,132.23
63,419.42

Strakosch, Wally et al

67,578.51

TOTAL

$971,411.16