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International Finance Corp.
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Order | Filed: April 26, 2024 | Entered: April 26, 2024 Doe I et al v. IFC Asset Management Company LLC
P.I.: Other | Delaware
Oral Order ~Util - Set Deadlines
ORAL ORDER re 155 Motion to Establish Qualified Settlement Fund. IT IS ORDERED that, on or before May 6, 2024, the parties shall submit a joint status report setting forth their respective positions on certain issues not expressly addressed in the Proposed Order attached to the Motion: (1) The identity of the bank(s) or financial institution(s) that will maintain custody of the three escrow accounts identified in the Escrow Agreement (D.I. 151, Ex. 1 at Ex. D); see In re Benicar (Olmesartan) Prods. Liab. Litig., 2019 WL 6271285, at *1 (D.N.J. Nov. 22, 2019) (denying unopposed motion to establish QSF account where no custody bank was identified, among other issues); (2) The material terms of each of the three escrow accounts identified in the Escrow Agreement (Notice Escrow Account, Individual Escrow Account, and Social Benefit Escrow Account) (D.I. 151, Ex. 1 at Ex. D at &para 2); and (3) Whether the QSF Administrator will operate with or without bond, and what "appropriate steps" the QSF Administrator will take to wind down and close the QSF, including but not limited to satisfying any final reporting requirements to the court. (D.I. 155 at 3; see D.I. 151, Ex. 1 at Ex. D, &para 10(d)) A Revised Proposed Order should be attached as an exhibit to the joint status report. If disputes arise or the parties believe further discussion would be helpful, the parties may contact chambers to schedule a teleconference after submitting the joint status report. Ordered by Judge Sherry R. Fallon on 4/26/2024. (lih)
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Order | Filed: April 23, 2024 | Entered: April 23, 2024 Doe I et al v. IFC Asset Management Company LLC
P.I.: Other | Delaware
Order ~Util - Set Hearings
ORDER- GRANTING 151 MOTION for Preliminary Approval of Class Settlement. A Final Fairness Hearing is set for 9/26/2024 at 10:00 AM in Courtroom 6C before Judge Sherry R. Fallon. Signed by Judge Sherry R. Fallon on 4/23/2024. (lih)
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Order | Filed: April 02, 2024 | Entered: April 02, 2024 Doe I et al v. IFC Asset Management Company LLC
P.I.: Other | Delaware
SO ORDERED
SO ORDERED, re 156 MOTION for Pro Hac Vice Appearance of Attorney Benjamin Hoffman filed by Juana Doe V, Juan Doe VI, Juana Doe II, Juan Doe VIII, Juana Doe IV, Juan Doe XVII, Juan Doe IX, Juana Doe I, Juan Doe X, Juan Doe XVI, Juana Doe III, Juan Doe XII, Juan Doe VII, Juana Doe VI, Juan Doe XIII, Juan Doe XIV. Signed by Judge Sherry R. Fallon on 4/2/2024. (Polito, Rebecca)
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