Anwar et al v. Fairfield Greenwich Limited et al

Filing 1290

ENDORSED LETTER addressed to Judge Victor Marrero from Robert C. Finkel dated 7/30/2014 re: Counsel requests permission to file a motion for entry of an order approving distribution of the GlobeOp Financial Services LLC Net Settlement Fund to Authorized Claimants. ENDORSEMENT: Request GRANTED. Plaintiffs may file the motion described above. (Signed by Judge Victor Marrero on 7/31/2014) (tn)

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Anwar, et al. v. Fairfield Greenwich Limited, et al.
Master File No. 09-CV-00118 CVM) CFM)

Dear Judge Marrero:
We are one of plaintiffs' co-lead counsel in the above Anwar action.
We respectfully request permission to file a motion for entry of an order approving distribution of
the GlobeOp Financial Services LLC Net Settlement Fund to Authorized Claimants. The Net Settlement
Fund derives from a $5 mimon class action settlement that was approved by Your Honor in a November
22, 201 J Final Judgment and Order of Dismissal (ECF No. 1232). The claims administrator, Rust
Consulting, Inc., has completed administration of the settlement and with Your Honor's approval, is
prepared to distribute the Net Settlement Fund to Authorized Claimants.

As described in the motion, plaintiffs' counsel detennined that two investors who had losses
otherwise eligible for recoveries are "immediate family members'' of the FG Individual Defendants and
are therefore excluded from the Class as defined in the Settlement and from the plan of distribution. We
have been informed by counsel for the FG Defendants that opposition may be filed to exclusion of these
"immediate family members." The remaining defendants (PwC, Citco, and GlobeOp) have informed us
that they take no position with respect to entry of the proposed Order for distribution of the Net
Settlement Fund.

RCF:rd

All Counsel

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Judge Victor Marrero
United States District Court
Southern District of New York
500 Pearl Street
New York, New York 10007

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July 30, 2014

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