Ciraulu v. American Realty Capital Properties, Inc. et al

Filing 154

ORDER CONCERNING PERIODIC REPORTS BY CLAIMS ADMINISTRATOR. As discussed on the record during the January 21, 2020 hearing of Lead Plaintiff's Motion for Final Approval of Settlement and Plan of Allocation (ECF No. 1282), claims administrator, Gilardi & Co. LLC, shall submit to the Court periodic reports as further set forth in this Order. IT IS SO ORDERED. (Signed by Judge Alvin K. Hellerstein on 1/29/20) Filed In Associated Cases: 1:15-mc-00040-AKH et al.(yv)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

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In re AMERICAN REAL TY CAPITAL
PROPERTIES, INC. LITIGATION

Civil Action No . 1: 15-mc-00040-AKH
CLASS ACTION

This Document Relates To:
ALL ACTIONS.

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§29} ORDER CONCERNING PERIODIC
REPORTS BY CLAIMS ADMINISTRATOR

i

4839-0877-6626.v l

As discussed on the record during the January 21, 2020 hearing of Lead Plaintiffs Motion
for Final Approval of Settlement and Plan of Allocation (ECF No. 1282), claims administrator,
Gilardi & Co. LLC, shall submit to the Court periodic reports as follows:
First Report:

Upon the completion of the processing of claims, a report
describing how many claims were received and the
aggregate amount of such claims;

Second Report:

Once the first distribution is sent, a report informing the
Court that distribution of the Net Settlement Fund has begun
and the amount distributed;

Third Report:

After a reasonable time for negotiating the checks has
passed, a report informing the Court that a second
distribution was made and the amount of that second
distribution; and

Fourth Report:

After a reasonable time for negotiating the checks issued in
the second distribution has passed, a report informing the
Court that a third distribution is appropriate and the amount
of that third distribution, or if it is determined that the
remaining Net Settlement Fund is de minimus, that a
charitable contribution to a community trust in the City of
Baltimore was made, and the amount of that charitable
contribution.

HE

- 14 839-0877-6626. v I

ONORABLE ALVIN K. HELLERSTEIN
ED STATES DISTRICT JUDGE