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- ilnd;;1:03-cv-01792_de151 RegisterActionDate "2007-10-02" @default.
- ilnd;;1:03-cv-01792_de151 RegisterActionDescriptionText "MINUTE entry before Judge Sidney I. Schenkier :Status hearing held and continued to 11/28/2007 at 09:00 AM. Defense counsel failed to appear. The Court authorizes the independent fiduciary to reinvest the trust funds in a 60-day certificate of deposit at an interest rate of 4.7 percent. The Court has reviewed the parties' submissions regarding responsibility for the $196,450.68 in fees and costs incurred by the Independent Fiduciary that the Court has approved to date. For the reasons stated on the record, the Court orders that $91,208.39 of that sum (representing $76,500.00 paid to Hallmark & Johnson, $11,808.39 paid to Lyons & Caron, and $2,900.00 paid for an appraisal) shall be borne by all participants according to their shares in the trust amount, as those costs would have been incurred even had Mr. C3153A3 not been removed as trustee. The remaining amount of $105,242.39 shall be paid by Mr. C3153A3, as that amount represents costs incurred as a result of Mr. C3153A3 removal as trustee. The Court orders that by 10/08/07, defendants supply the information concerning participants' shares in the plans that was required by the Court's 09/14/07 Memorandum Opinion and Order and that was sought in an email from Mr. Holtzman to Mr. Bergland dated 10/01/07. No extensions will be allowed. The Court sets the following schedule for briefing the questions of (1) the participant shares in the plans that should be used as the basis for distribution of the proceeds held in trust; (2) whether prejudgment interest should be awarded on the $169,061.29 that CDC is required to restore to the trust pursuant to the Court's 09/14/07 Memorandum Opinion and Order, and if so, at what rate of interest; and (3) what amount should be held back from the final distribution for payment of final expenses of the independent fiduciary: CFI's submission is due by 10/29/07; and responses by the Secretary and/or defendants is due by 11/05/07; and CFI's reply is due by 11/12/07. Mailed notice (mmm, ) (Entered: 10/03/2007)" @default.
- ilnd;;1:03-cv-01792_de151 AdministrativeID "138" @default.
- ilnd;;1:03-cv-01792_de151 OntologyLabel minute_entry @default.