Free Motion for Disbursement of Funds - District Court of Connecticut - Connecticut

Case 3:02-cv-02133-EBB

Document 201

Filed 05/24/2006

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UNITED STATES DISTRICT COURT DISTRICT OF CONNECTICUT SHERRY SCHNALL, Individually and On Behalf of All Others Similarly Situated, Plaintiffs, v. ANNUITY AND LIFE RE (HOLDINGS), LTD., XL CAPITAL, LTD., LAWRENCE S. DOYLE, FREDERICK S. HAMMER, JOHN F. BURKE, WILLIAM W. ATKIN, BRIAN O'HARA, AND MICHAEL P. ESPOSITO, JR., Defendants. : : : : : : : : : : : : :

Civil Action No. 02 CV 2133 (EBB)

MOTION FOR DISTRIBUTION OF CLASS SETTLEMENT FUND In support of this motion, Lead Plaintiffs submit the annexed affidavit of Stephen J. Cirami of The Garden City Group, Inc. ("GCG"), the Claims Administrator, and the accompanying memorandum of law, and refer the Court to all prior proceedings herein. Lead Plaintiffs, by and through counsel, hereby move this Court for an Order pursuant to Rule 23(e) of the Federal Rules of Civil Procedure: (i) approving the administrative determinations of GCG, accepting and rejecting claims submitted herein; (ii) directing payment of $99,256.89 out of the Settlement Fund to GCG for its fees and expenses incurred and to be incurred in connection with services performed and to be performed in giving notice to the Class, preparing tax returns for the Settlement Fund, processing the Proofs of Claim, allocating the Net Settlement Fund among the Authorized Claimants, and administering and distributing the Settlement Fund to the Authorized Claimants; (iii) directing distribution of the Net Settlement Fund, after deduction of the payments requested herein, to Class Members whose Proofs of Claim have been accepted; (iv) authorizing destruction of paper copies of Proof of Claim forms one year after distribution of the Net Settlement Fund, and authorizing destruction of electronic copies of claim records three

Case 3:02-cv-02133-EBB

Document 201

Filed 05/24/2006

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years after distribution of the Net Settlement Fund; and (v) for such other and further relief as this Court deems appropriate. Notice is hereby provided to all defense counsel of record through service of this motion and accompanying documents. WHEREFORE, Lead Plaintiffs respectfully request that the Court enter an Order in the form of the proposed Order Re: Distribution of Class Settlement Fund annexed hereto as Exhibit A. Dated: Colchester, Connecticut May 24, 2006 Respectfully Submitted, SCOTT + SCOTT, LLC By: ____/s/ Erin Green Comite_____________ David R. Scott (Juris No. 16080) Erin Green Comite (Juris No. 24886) 108 Norwich Avenue P.O. Box 192 Colchester, Connecticut 06415 Telephone: (860) 537-5537 Facsimile: (860) 537-4432 Co-Lead Counsel for Plaintiffs MILBERG WEISS BERSHAD & SCHULMAN LLP By: _/s/ Beth Kaswan__________________ Beth Kaswan (ct21415) One Pennsylvania Plaza New York, New York 10119-0165 Telephone: (212) 594-5300 Facsimile: (212) 868-1229

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Case 3:02-cv-02133-EBB

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CERTIFICATE OF SERVICE I hereby certify that on this 24th day of May, 2006, I caused a true and correct copy of the MOTION FOR DISTRIBUTION OF CLASS SETTLEMENT FUND, LEAD PLAINTIFFS' MEMORANDUM OF LAW IN SUPPORT OF MOTION FOR DISTRIBUTION OF CLASS SETTLEMENT FUND, AFFIDAVIT OF STEPHEN J. CIRAMI IN SUPPORT OF MOTION FOR DISTRIBUTION NOF CLASS SETTLEMENT FUNDS and ORDER RE:

DISTRIBUTION OF CLASS SETTLEMENT FUND to be served by first-class, postage prepaid U.S. mail on counsel of record listed on the attached Service List.

____/s/ Erin Green Comite______________ Erin Green Comite

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TO:

James F. Stapleton, Esq. Terence J. Gallagher, Esq. DAY, BERRY & HOWARD, LLP One Canterbury Green Stamford, Connecticut 06901 Telephone: (203) 977-7300 Facsimile: (203) 977-7301 Edward M. Posner, Esq. Gary R. Battistoni, Esq. DRINKER BIDDLE & REATH LLP One Logan Square 18th and Cherry Streets Philadelphia, Pennsylvania 19103-6996 Telephone: (215) 988-2700 Facsimile: (215) 988-2757 Attorneys for Defendant Annuity and Life Re (Holdings) Ltd. Thorn Rosenthal, Esq. Tammy L. Roy, Esq. CAHILL GORDON & REINDEL LLP 80 Pine Street New York, New York 10005-1702 Telephone: (212) 701-3000 Facsimile: (212) 269-5420 Lawrence W. Andrea, Esq. THE LAW OFFICES OF THOMAS W. ANDREA, ESQ. 57 North Street, Suite 313 Danbury, Connecticut 06810 Telephone: (203) 743-6454 Facsimile: (203) 778-5770

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Attorneys for Defendants XL Capital, Ltd., Brian O'Hara, and Michael P. Esposito, Jr. John W. Cannavino, Esq. Karen L. Allison, Esq. CUMMINGS & LOCKWOOD LLC Four Stamford Plaza 107 Elm Street Stamford, Connecticut 06902 Telephone: (203) 327-1700 Facsimile: (203) 351-4534 Attorneys for Defendant Lawrence S. Doyle James F. Stapleton, Esq. Terence J. Gallagher, Esq. DAY, BERRY & HOWARD, LL One Canterbury Green Stamford, Connecticut 06901 Telephone: (203) 977-7300 Facsimile: (203) 977-7301 Edward M. Posner, Esq. Gary R. Battistoni, Esq. DRINKER BIDDLE & REATH LLP One Logan Square 18th and Cherry Streets Philadelphia, Pennsylvania 19103-6996 Telephone: (215) 988-2700 Facsimile: (215) 988-2757 R. Nicholas Gimbel, Esq. McCARTER & ENGLISH, LLP Mellon Bank Center 1735 Market Street, Suite 700 Philadelphia, Pennsylvania 19103 Telephone: (215) 979-3800 Facsimile: (215) 979-3899

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Attorneys for Defendant Frederick S. Hammer John R. Horvack, Jr., Esq, CARMODY & TORRANCE LLP 50 Leavenworth Street P. O. Box 1110 Waterbury, Connecticut 06721-1110 Telephone: (203) 573-1200 Facsimile: (203) 575-2600 Marc J. Sonnenfeld, Esq. Karen Pieslak Pohlmann, Esq. MORGAN, LEWIS & BOCKIUS LLP 1701 Market Streets Philadelphia, Pennsylvania 19103-2921 Telephone: (215) 963-5000 Facsimile: (215) 963-5001 James F. Stapleton, Esq. Terence J. Gallagher, Esq. DAY, BERRY & HOWARD, LL One Canterbury Green Stamford, Connecticut 06901 Telephone: (203) 977-7300 Facsimile: (203) 977-7301 Attorneys for Defendant John F. Burke James T. Shearin, Esq. Peter S. Olson, Esq. PULLMAN & COMLEY, LLC 850 Main Street P. O. Box 7006 Bridgeport, Connecticut 06601-7006 Telephone: (203) 330-2000 Facsimile: (203) 576-8888 Attorneys for Defendant William W. Atkin

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