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IN RE REZULIN PRODUCTS LIABILITY LITIGATION

United States District Court, S.D. New York


August 17, 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.

  SO ORDERED.

20050817

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