Opinion
4:23-cv-04033-HSG
03-22-2024
HISCOX SYNDICATES LIMITED, a Private Limited Liability Company formed in England Plaintiffs, v. SAMUEL BANKMAN-FRIED, NISHAD SINGH, RAMIK ARORA, CLAIRE WATANABE, HOWARD ANDREW FISHER, AMY WU, ZIXIAO GARY WANG, RYAN SALAME, CAN SUN, CONSTANCE ZHE WANG, LUK WAI JEN CHAN, NATALIE TIEN, ZANE TACKETT, ZHONGYUAN DAVID MA, DANIEL FRIEDBERG, ROBIN MATZKE, PATRICK GRUHN, ROSS RHEINGANS-YOO, NICHOLAS BECKSTEAD, and JONATHAN CHEESMAN Defendants.
KELLER BENVENUTTI KIM LLP JANE KIM (Cal. Bar No. 298192) DARA L. SILVEIRA (Cal. Bar No. 274923) Attorneys for Defendant Nicholas Beckstead
Complaint Filed: August 9, 2023
First Am. Complaint: August 10, 2023
KELLER BENVENUTTI KIM LLP JANE KIM (Cal. Bar No. 298192) DARA L. SILVEIRA (Cal. Bar No. 274923) Attorneys for Defendant Nicholas Beckstead
ORDER DIRECTING REIMBURSEMENT FROM COURT'S REGISTRY NO HEARING UNLESS REQUESTED BY COURT
Hon. Haywood S. Gilliam, Jr. United States District Judge
WHEREAS Hiscox Syndicates Limited, plaintiff in the above-captioned interpleader action, paid the proceeds of a certain insurance policy into the Registry of the Court pursuant to the Amended Stipulation Resolving Interpleader Action; Order [Docket No. 78] (the “Stipulation and Order”), dated January 17, 2024
WHEREAS the Stipulation and Order identifies certain defendants in the above-captioned interpleader action as the “WBR Claimants, ” each of whom are entitled to reimbursement of defense costs up to one-third of the “WBR Set Aside” and the “Future Claimant Set Aside” as those terms are defined in the Stipulation and Order and
WHEREAS Nicholas Beckstead (“Beckstead”) is identified in the Stipulation and Order as a WBR Claimant and
WHEREAS the Stipulation provides that WBR Claimants “shall make requests for distribution of the WBR Set Aside by letter to the Court filed on the docket and attaching summary invoices for the Court's review;” and
WHEREAS by Beckstead filed the Re uset for Reim usrement from o urt sRegistry [Docket No. • (the “Request”) on March 21, 2024, through which he requested payment of defense costs in a total amount of $99,519.19, which Request was supported by summary invoices of his defense costs, as required by the Stipulation and Order and
WHEREAS the Court has reviewed the summary invoices submitted as Exhibit A to the Request, together with any additional information requested, and determined that Beckstead is entitled to reimbursement of $99,519.19 and
WHEREAS Beckstead provided the Court with an executed Form AO 213P (Request for Payee Information and TIN Certification) and IRS Form W-9.
WHEREFORE, for the foregoing reasons, the Clerk of the Court is ORDERED to pay the sum of $99,519.19 to Nicholas Beckstead by electronic funds transfer in accordance with the EFT information provided on the Form AO 213P.
IT IS SO ORDERED. The Finance Department is directed to withdraw the funds from the principal.