Belafey, et al v. SPX Corp, et al
Filing
76
ORDER that Lead Counsel forward the funds plus any interest, if any, to Legal Services of Southern Piedmont, Inc., and report back to the Court the final distribution of the funds, re 75 Order. Signed by Chief Judge Frank D. Whitney on 3/14/2014. (eef)
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTEDIVISION
NO. 3:04-CV-00099-FDW-CH
IN RE SPX CORP. SECURITIES
LITIGATION
This Document Relates to:
ALL ACTIONS
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ORDER
WHEREAS on March 5, 2009, this Court entered an Order [Doc. No. 75] directing that,
“in the event that there are any uncashed, unclaimed or undeliverable mail and/or checks to
eligible recipients for a period of ninety (90) days after distribution, and after subsequent effort
by the Claims Administrator to locate said recipients being unsuccessful, then any uncashed,
unclaimed or undeliverable funds may be distributed to eligible members of the Class
proportionately if the amount of said unclaimed funds are substantial; and if the amount of said
unclaimed funds are insubstantial, then Lead Plaintiff’s counsel is to notify the Court so that the
Court may designate an appropriate a [sic] tax-exempt charitable institution under Section
501(c)(3) of the Internal Revenue Code to receive said funds.” Id. para. 5 (italics added).
WHEREAS, according to Plaintiff’s Lead counsel, Samuel P. Sporn, Esq., there remains
“insubstantial” funds of $7,657.36 [hereinafter “funds’], after meeting all other requirements of
the Order of March 5, 2009 [Doc. No. 75].
WHEREAS, the Board of Judges of the Western District of North Carolina in a regularly
scheduled session of the Board of Judges voted and approved the designation and donation of the
funds to:1
Legal Services of Southern Piedmont, Inc.
1431 Elizabeth Avenue
Charlotte, North Carolina 28204
704-376-1600
Point of Contact: Kenneth Schorr, Executive Director
Said organization is a North Carolina not-for-profit corporation and is approved by the Internal
Revenue Service as a tax-exempt charitable institution under Section 501(c)(3) of the Internal
Revenue Code.
NOW THEREFORE, Lead Counsel is ordered to forward the funds plus any interest, if
any, to Legal Services of Southern Piedmont, Inc., and report back to the Court the final
distribution of the funds.
Signed: March 14, 2014
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Because the above-signed judicial officer is a Judicial Liaison to and Board Member of Legal Services of Southern
Piedmont, Inc., the above-signed judicial officer disclosed to the other judicial officers his involvement in the
organization and recused from the vote to designate the organization.
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