Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-casd-3_04-cv-00121/USCOURTS-casd-3_04-cv-00121-0/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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ORDER

Case No. 04-CV-00121 BEN (AJB)

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

In re ADVANCED MARKETING

SERVICES, INC. SECURITIES

LITIGATION

Case No. 04-CV-00121 BEN (AJB)

CLASS ACTION

[D.E. # 91] This Document Relates To:

ALL ACTIONS.

ORDER AUTHORIZING 

DISTRIBUTION OF SETTLEMENT FUND

Case 3:04-cv-00121-BEN-AJB Document 93 Filed 07/26/07 Page 1 of 4
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ORDER

-1- Case No. 04-CV-00121 BEN (AJB)

Whereas:

A. On October 16, 2006, the Court entered the: Order Approving Plan of Allocation of

Settlement Proceeds; Order Awarding Attorneys’ Fees and Reimbursement of Expenses; and Final

Judgment and Order of Dismissal of the Litigation With Prejudice (the “Settlement Orders”). The

Court retained jurisdiction over the Litigation for all matters relating to the consummation of the

Settlement.

B. As set forth in the Notice of Pendency and Proposed Settlement of Class Action, the

deadline for Class Members to submit claims to participate in a distribution from the Net Settlement

Fund was December 19, 2006.

C. As reflected in the accompanying Declaration of Benjamin Galdston of Bernstein

Litowitz Berger & Grossmann LLP (“Lead Counsel”), and Affidavit of Stephen J. Cirami, Assistant

Vice President of Securities Operations for The Garden City Group (“Claims Administrator”), the

process of reviewing all claims has been completed.

D. Lead Counsel now seeks authorization to distribute the Net Settlement Fund to

Authorized Claimants, after deduction of fees and expenses approved by this Order, and also seeks

approval of the rejection of certain claims that the Claims Administrator has determined are not

valid.

E. All Claimants whose claims the Claim Administrator propose be rejected were

notified of the deficiency in their claim and given the opportunity to contest the rejection. These

Claimants were given a full and fair opportunity to have their objection to the Claims

Administrator’s determination heard by the Court, and none of these Claimants raised any such

objection.

F. The Court has reviewed the motion of Lead Counsel for Entry of an Order

Authorizing Distribution of Settlement Fund, the Declaration of Benjamin Galdston, the Affidavit

of Stephen J. Cirami (“Cirami Affidavit”) and all other exhibits and papers submitted in support

thereof, and good cause appears for the relief requested. 

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ORDER

-2- Case No. 04-CV-00121 BEN (AJB)

THEREFORE, IT IS HEREBY ORDERED, as follows:

1. All claims that the Claims Administrator has determined are acceptable for payment,

as set forth in Exhibit B (“Timely Authorized Claimants”) to the Cirami Affidavit, are approved for

payment from the Net Settlement Fund.

2. All claims that the Claims Administrator has determined were submitted after the

December 19, 2006 deadline for filing claims, but are otherwise valid and in compliance with the

requirements for submitting valid proofs of claim, as set forth in Exhibit B (“Late Postmarked but

Otherwise Authorized Claimants”) to the Cirami Affidavit, are approved for payment from the Net

Settlement Fund.

3. All claims that the Claims Administrator has determined are not acceptable for

payment, as set forth in Exhibit B (“Rejected or Ineligible Claims”) to the Cirami Affidavit, are

disallowed and shall not be paid.

4. Submission of any claim for participation in the Settlement, other than those

previously filed with the Claims Administrator, is forever barred.

5. Lead Counsel and the Claims Administrator are directed to arrange for payment of

the Net Settlement Fund, after deduction of fees and expenses approved by this Order, to all

Authorized Claimants in accordance with the Plan of Allocation, as soon as practicable after entry

of this Order and receipt of any refunds which may be due on previously paid taxes.

6. The Claims Administrator’s incurred and anticipated fees and expenses of

$136,532.88 in connection with administering the Settlement are approved and will be paid from

the Settlement Fund.

7. Any taxes due and owing as well as the $8,000 fee for the preparation of the tax

returns for the Settlement Fund, costs which were authorized for payment from the Settlement Fund

by prior Order of this Court, will be paid from the Settlement Fund.

8. Lead Counsel is directed to make reasonable attempts to locate Authorized Claimants

whose checks are returned as undeliverable. Any funds remaining in the Settlement Fund one year

after the initial distribution date shall be distributed pro rata to the Authorized Claimants if such a

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ORDER

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distribution would be cost effective, or in the event such a distribution would not be cost effective,

these funds shall be donated to an appropriate non-profit organization to be selected jointly by Lead

Plaintiff and Lead Counsel, and as approved by the Court.

9. All hard copy claim forms and documentation reviewed during the claims

administration process shall be retained by the Claims Administrator for one year and magnetic

media for three years from the date of entry of this Order. After that date, said records may be

destroyed.

IT IS SO ORDERED.

DATED: July 26, 2007

Hon. Roger T. Benitez

United States District Judge

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