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Mulholland & Knapp
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Misc | Filed: November 30, 2023 | Entered: November 30, 2023 In Re Sundial Growers Inc. Securities Litigation
Securities/Commodities | New York Southern
Notice Regarding Deleted Document
***DELETED DOCUMENT. Deleted document number 123 Order. The document was incorrectly filed in this case. (ate)
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Order | Filed: November 30, 2023 In Re Sundial Growers Inc. Securities Litigation
Securities/Commodities | New York Southern
Order
ORDER GRANTING MOTION FOR DISTRIBUTION OF CLASS ACTION SETTLEMENT FUNDS granting 118 Motion for Disbursement of Funds. IT IS HEREBY ORDERED that: The Motion is GRANTED in its entirety. The Net Settlement Fund (less any necessary amoun ts to be withheld for payment of potential tax liabilities and related fees and expenses) established by the settlement of this Action shall be distributed to Authorized Claimants identified in Exhibits B-1 and B-2 to the Declaration of Margery Craig Concerning the Results of the Claims Administration Process ("Craig Declaration"), at the direction of Co-Lead Counsel, Levi & Korsinsky, LLP and The Rosen Law Firm, P.A., pursuant to the Stipulation, and the Plan of Allocation of the Net Settlement Fund set forth in the Notice of Pendency and Proposed Settlement of Class Action that was distributed pursuant to this Court's Order Granting Lead Plaintiffs' Motion for Preliminary Approval of Class Action Settlement (Dkt. No. 105). All distribution checks shall bear the notation "CASH PROMPTLY, VOID AND SUBJECT TO RE-DISTRIBUTION 180 DAYS AFTER ISSUE DATE." Lead Counsel and SCS are authorized to locate and/or contact any Authorized Claimant who has not cashe d his, her, or its check within said time. Consistent with the Stipulation, if any funds remain in the Net Settlement Fund by reason of tax refunds, uncashed checks or otherwise, then, after the Claims Administrator has made reasonable and dilig ent efforts to have Authorized Claimants who are entitled to participate in the distribution of the Net Settlement Fund cash their distribution checks, any balance remaining in the Net Settlement Fund six (6) months after the initial distribution of such funds shall be used: (i) first, to pay any amounts mistakenly omitted from the initial distribution to Authorized Claimants who receive at least a $10.00 payment; (ii) second, to pay any additional Administrative Costs incurred in administe ring the Settlement; and (iii) finally, to make a second distribution to Authorized Claimants who cashed their checks from the initial distribution and who would receive at least $10.00 from such second distribution, after payment of the estima ted costs or fees to be incurred in administering the Net Settlement Fund and in making this second distribution, if such second distribution is economically feasible. If any funds shall remain in the Net Settlement Fund six months after such second distribution, then such balance shall be contributed to a non-sectarian charity or any not-for-profit successor of it chosen by Lead Counsel, with the approval of the Court. (Signed by Judge Andrew L. Carter, Jr on 11/30/2023) (ate) Transmission to Finance Unit (Cashiers) for processing.
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Misc | Filed: November 15, 2023 | Entered: November 15, 2023 In Re Sundial Growers Inc. Securities Litigation
Securities/Commodities | New York Southern
Letter
LETTER addressed to Judge Andrew L. Carter, Jr. from Jacob A. Goldberg dated November 15, 2023 re: Distribution of Settlement Funds. Document filed by 0998735 BC LTD, David Draiman..(Goldberg, Jacob)
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