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KRUMAN v. CHRISTIE'S INTERNATIONAL PLC

United States District Court, S.D. New York


August 22, 2005.

CHARLOTTE KRUMAN, CHARLES TABACHNICK, MORTAB LIMITED, SOPHIE S. McGEE, TIMOTHY STOTHERT, MAGGS BROS. LTD., RONALD W. BURKLE and NICOLA SMITH, individually and on behalf of a class of persons similarly situated, Plaintiffs,
v.
CHRISTIE'S INTERNATIONAL PLC, CHRISTIE'S INC., SOTHEBY'S HOLDINGS, INC. SOTHEBY'S INC., SIR ANTHONY J. TENNANT, CHRISTOPHER M. DAVIDGE, CHRISTOPHER J. BURGE, STEPHEN S. LASH, PATRICIA G. HAMBRECHT, DANIEL P. DAVISON, FRANCOIS CURIEL, A. ALFRED TAUBMAN, DIANA D. BROOKS, MAX M. FISHER, MICHAEL AINSLIE, and KEVIN A. BOUSQUETTE, Defendants.

The opinion of the court was delivered by: LEWIS KAPLAN, District Judge

ORDER GRANTING UNOPPOSED MOTION FOR AUTHORITY TO MAKE THE FIRST DISTRIBUTION FROM THE SETTLEMENT FUND
Having reviewed the Motion for Authority to Proceed with the First Distribution of Settlement Funds (the "Motion"), the Distribution Affidavit of Barbara Heald of the Garden City Group, Inc., and accompanying exhibits, and good cause appearing, it is hereby ORDERED that pursuant to the Court's June 12, 2003 Order and Final Judgment, the Settlement Agreements and the seller and buyer allocation formulas incorporated therein, the Court hereby:

(a) Approves the proposed First Distribution from the Settlement Fund as described above and provided for in the Settlement Agreements in the amount of approximately $18.28 million in cash, beginning as soon as practicable following the entry of said Order. This First Distribution will be made to those 119,126 valid and approved claims reflected in Exhibit A to the Heald Affidavit, filed in connection with the Motion, and to any valid and approved Late Claims not reflected in Exhibit A, but approved by the Claims Administrator for payment prior to mailing out First Distribution checks; and
(b) Authorizing the Parties to undertake all steps necessary in accordance with the Settlement Agreements and the Escrow Agreement to effectuate this Order.
20050822

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