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NovaGold Resources Inc.
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Order | Filed: December 23, 2011 | Entered: December 23, 2011 In re NovaGold Resources Inc. Securities Litigation.
Securities/Commodities | New York Southern
Order on Motion to Amend/Correct
ORDER CONCERNING SCAS LATE CLAIMS granting (115) Motion to Amend/Correct filed by New Orleans Employees' Retirement System in case 1:08-cv-07041-DLC: For the reasons set forth within, Lead Plaintiff's motion is APPROVED. (Signed by Judge Denise L. Cote on 12/23/2011) Filed In Associated Cases: 1:08-cv-07041-DLC, 1:08-cv-07854-DLC (ab)
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Motion | Filed: December 22, 2011 | Entered: December 22, 2011 In re NovaGold Resources Inc. Securities Litigation.
Securities/Commodities | New York Southern
Amend/Correct
MOTION to Amend/Correct 113 Order on Motion for Settlement, Distribution Plan. Document filed by New Orleans Employees' Retirement System.(Fonti, Joseph)
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Order | Filed: November 21, 2011 | Entered: November 21, 2011 In re NovaGold Resources Inc. Securities Litigation.
Securities/Commodities | New York Southern
Endorsed Letter
ENDORSED LETTER: addressed to Judge Denise L. Cote from Joseph A. Fonti dated 11/21/2011. re: On behalf of Lead Plaintiff and Class Representative New Orleans Employees' Retirement System, we write to apprise the Court of a recent development in the claims administration of the settlement of the above-referenced action. The Court previously entered the Order Authorizing Distribution of the Net Settlement Fund ("Distribution Order") (a copy of which is enclosed) on June 27, 2011. The development involves Securities Class action Services, LLC ("SCAS"), which is a large third party claim filer that submits class action claims on behalf of institutional investors, pension funds,money managers, and hedge-funds. SCAS has requested that we as Lead Counsel for the Class raise this development with the Court, as it may warrant consideration of an amendment to the Court's Distribution Order, pursuant to Fed. R. Civ. P. 60. Counsel respectfully seeks direction from the Court. ENDORSEMENT: Any such application should also address whether sufficient funds remain to pay their claims and any impact on other claimants.We are seeking the Court's direction with respect to the handling of these new SCAS-related claims and, more particularly, whether the Court would consider a motion seeking an amendment to the Distribution Order in order to modify the June 1, 2011 "bar date" in this respect. We understand that SCAS would submit in support of a motion a factual declaration explaining the events concerning this matter So Ordered. (Signed by Judge Denise L. Cote on 11/21/2011) (js)
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