Opinion
1:17-cv-03799
11-24-2021
RICKEY ELY, Derivatively on Behalf of Nominal Defendant NEWLINK GENETICS CORPORATION, Plaintiff, v. CHARLES J. LINK, JR., THOMAS A. RAFFIN, PAULR. EDICK, PAOLO PUCCI, JOSEPH SALURI, ERNEST J. TALARICO, III, NICHOLAS VAHANIAN and LOTA S. ZOTH, Defendants, and NEWLINK GENETICS CORPORATION, Nominal Defendant.
(PROPOSED) ORDER FOR DISBURSEMENT OF FUNDS
THE HONORABLE ALISON J.NATHAN UNITED STATES DISTRICT JUDGE SOUTHERN DISTRICT OF NEW YORK
WHEREAS, funds in the amount of $375,000, were previously ordered deposited into the Court Registry Investment System (CRIS) by Order dated August 10, 2021. The funds plus any accrued interest in the CRIS in this action shall be withdrawn and disbursed as follows:
1. The Clerk of Court shall deduct from the investment the authorized fee from the earned income, as authorized by the Judicial Conference and set by the Director of the Administrative Office.
2. The remaining funds on deposit in CRIS including interest, shall be disbursed by the escrow agent via Electronic Funds Transfer (EFT) to Lifshitz Law Firm, P.C. (“LLF”), counsel for Plaintiff Rickey Ely. LLF shall provide the escrow agent with the information necessary to effectuate disbursal of said funds. 1
SO ORDERED. 2