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Credit Suisse Group AG
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Utility | Filed: June 12, 2024 | Entered: June 12, 2024 In Re: Libor-Based Financial Instruments Antitrust Litigation
Anti-Trust | New York Southern
Set/Reset Hearings
Set/Reset Hearings: Fairness Hearing set for 10/17/2024 at 11:00 AM before Judge Naomi Reice Buchwald. (tg)
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Order | Filed: June 12, 2024 | Entered: June 12, 2024 In Re: Libor-Based Financial Instruments Antitrust Litigation
Anti-Trust | New York Southern
Order on Motion for Settlement
ORDER PRELIMINARILY APPROVING SETTLEMENT BETWEEN LENDER PLAINTIFFS, THE ROYAL BANK OF SCOTLAND GROUP PLC (N/K/A NATWEST GROUP PLC), BRITISH BANKERS' ASSOCIATION, BBA ENTERPRISES LTD., BBA TRENT LTD. (F/K/A BBA LIBOR LTD.), COPERATIEVE RABOBANK U.A. (F/K/A COOPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A.), LLOYDS BANKING GROUP PLC, AND HBOS PLC, THE NORINCHUKIN BANK, PORTIGON AG (F/K/A WESTLB AG), WESTDEUTSCHE IMMOBILIEN SERVICING AG (F/K/A WESTDEUTSCHE IMMOBILIENBANK AG), AND ROYAL BANK OF CANADA, CONDITIONALLY CERTIFYING THE LENDER SETTLEMENT CLASS, APPOINTING SETTLEMENT CLASS COUNSEL, APPROVING NOTICE PROGRAM AND PRELIMINARILY APPROVING PLAN OF DISTRIBUTION granting 4054 Motion for Settlement. HEREBY ORDERS, ADJUDGES, AND DECREES: PRELIMINARY APPROVAL OF THE SETTLEMENT 1. The Settlement is hereby preliminarily approved, subject to final Court approval pursuant to Federal Rule of Civil Procedure 23 following a hearing to be held by the Court, on notice to the Lender Class (defined below), to determine whether the Settlement is reasonable, adequate, and fair to the Lender Class ("Fairness Hearing"), as discussed below. The Court finds that the Settlement was entered into at arm's length by experienced counsel and it is sufficiently within the range of reasonableness that notice of the Settlement should be given to the members of the Lender Class as provided in this Order. 4. The Court hereby appoints Pomerantz LLP as counsel for the Settlement Class ("Settlement Class Counsel"), having determined that the requirements of Rule 23(g) of the Federal Rules of Civil Procedure are fully satisfied by this appointment. 5. The Court hereby appoints The Berkshire Bank and The Government Development Bank for Puerto Rico ("Lender Plaintiffs") to serve as representatives of the Settlement Class. 6. A Fairness Hearing pursuant to Federal Rule of Civil Procedure 23(e) is hereby scheduled to be held before the Court on October 17, 2024 at 11 a.m., in a format to be determined by the Court that the Court will announce on the case docket in advance of the hearing, for the following purposes: As further set forth by this order. 11. The Court approves JND Legal Administration as the Claims Administrator. 14. Lender Plaintiffs' Counsel is authorized to establish a settlement account of $1,900,000 (one million nine hundred thousand U.S. dollars) in accordance with the provisions of the Settlement ("Settlement Fund"). All funds held in the Settlement Fund shall be deemed to be in custodia legis and shall remain subject to the jurisdiction of this Court until such time as the funds shall be distributed or returned pursuant to the Settlement and/or further order of the Court. 15. Lender Plaintiffs' Counsel may pay from the Settlement Fund on a nonrefundable basis, without further approval from Settling Defendants or the Court, the costs and expenses reasonably and actually incurred up to the sum of $125,000 in connection with providing Class Notice and the administration of the Settlement, including, without limitation, locating members of the Settlement Class, soliciting Lender Class Members' claims, assisting with the filing of claims, administering and distributing the Net Settlement Fund to Authorized Claimants, and processing proof of claim and release forms. All costs and expenses incurred in connection with providing Class Notice and administration of the Settlement in excess of $125,000 shall be paid from the Settlement Fund only with the Court's approval. IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 6/12/2024) (tg) Transmission to Finance Unit (Cashiers) for processing.
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Notice | Filed: June 12, 2024 | Entered: June 12, 2024 McCarthy et al v. Intercontinental Exchange, Inc. et al
Anti-Trust | California Northern
Certificate of Interested Entities, Corporate Disclosure Statement, or Rule 7.1 Disclosures
Rule 7.1 Disclosures by Credit Suisse AG, Credit Suisse Group AG, Credit Suisse Securities (USA) LLC identifying Corporate Parent UBS Group AG, Other Affiliate UBS AG for Credit Suisse AG; Corporate Parent UBS Group AG for Credit Suisse Group AG, Credit Suisse Securities (USA) LLC. [SUPPLEMENTAL] (Kurtzberg, Joel) (Filed on 6/12/2024)
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