Securities and Exchange Commission v. Zurich Financial Services, No. 1:2008cv10760 - Document 38 (S.D.N.Y. 2011)

Court Description: MEMORANDUM AND ORDER denying 35 Motion to Authorize; denying 26 Motion for Disbursement of Funds. Accordingly, because GCG fails to justify its requested fees and expenses, and the SEC appears to have conducted no meaningful oversight, GCG' s request is denied without prejudice. The SEC is directed to respond to the issues raised in this Memorandum & Order by October 28, 2011. The Clerk of the Court is directed to terminate the motions pending at Docket Entry Nos. 26 and 35. (Signed by Judge William H. Pauley, III on 9/30/2011) Copies Sent By Chambers. (mro)