In Re: Citigroup Inc. Securities Litigation, No. 1:2007cv09901 - Document 366 (S.D.N.Y. 2014)

Court Description: MEMORANDUM OPINION. This Court has reviewed the single objection to the distribution of the reserve fund and agrees with the claims administrator's rejection of that claim as well as that of the other ineligible claims. The Court authorizes the claims administrator to distribute the reserve fund as set forth in the motion and the Stephen J. Cirami Net Settlement Fund Distribution Affidavit, dated April 24, 2014 (Dkt. No. 316). The Court also directs lead counsel to pay the claims administra tor $581,651.30 in fees and expenses incurred in administering the settlement during the period from March 16, 2014 through October 15, 2014. (See Ex. G to Cirami Aff.) (Signed by Judge Sidney H. Stein on 12/29/2014) Filed In Associated Cases: 1:09-md-02070-SHS, 1:07-cv-09901-SHS (rjm)