United States District Court, S.D. New York
August 11, 2005.
IN RE: REZULIN PRODUCTS LIABILITY LITIGATION (MDL-1348). This Document Relates To: All Cases.
The opinion of the court was delivered by: LEWIS KAPLAN, District Judge
THIRD APPLICATION OF SPECIAL MASTER FOR DISBURSEMENT OF FUNDS TO
PAY FEDERAL INCOME TAXES
Pursuant to paragraph 4 of Pre-Trial Order No. 230 which states
that any taxes owed on interest earned in the CRIS Account shall
be paid by the Special Master from the common benefit funds on
deposit in the CRIS Account, the Special Master, Michele
Rosenberg, hereby applies to the Court for an Order authorizing a
disbursement of funds from the CRIS account to pay the Federal
Government Income Taxes for estimated taxes on interest earned
for the third quarter 2005.
The estimated income taxes for the CRIS account for the year
2005 is calculated to be $55,160.00. Accordingly, the estimated
Federal taxes owed from the CRIS account for the second quarter
2005 is $13,790.00. The Cris account's 2005 Federal Income Tax
Form 1041-ES is attached as Exhibit A.
Accordingly, I request the court to issue an order authorizing
payment of $13,790.00 for payment of the CRIS account's second
quarter 2005 estimated income tax. Pursuant to my request, and to assure proper filing and service
upon all affected parties, Counsel for the Warner-Lambert
Defendants have advised me that they have served this Application
in accordance with the attached Certificate of Service. ORDER
ORDERED, that this Court hereby authorizes Michele Rosenberg,
appointed as special master pursuant to PTO 130, to disburse from
one or both of the CRIS accounts one payment of $13,790.00
payable to United States Treasury for U.S. federal income taxes.
© 1992-2005 VersusLaw Inc.