Opinion
18-md-2865 (LAK)
06-07-2021
In re CUSTOMS AND TAX ADMINISTRATION OF THE KINGDOM OF DENMARK (SKATTEFORVALTNINGEN) TAX REFUND SCHEME LITIGATION This document relates to case no. 18-cv-09511.
HUGHES HUBBARD & REED LLP SEWARD & KISSEL LLP Marc A. Weinstein Mark J. Hyland Neil J. Oxford Thomas Ross Hooper Dustin P. Smith
HUGHES HUBBARD & REED LLP SEWARD & KISSEL LLP
Marc A. Weinstein Mark J. Hyland
Neil J. Oxford Thomas Ross Hooper
Dustin P. Smith
[PROPOSED] CONSENT JUDGMENT
LEWIS A. KAPLAN, UNITED STATED DISTRICT JUDGE
WFIEREAS, on June 14, 2018, plaintiff Skatteforvaltningen (“SKAT”) commenced this action against defendants Bluegrass Retirement Group Trust (“Bluegrass”), Bluegrass Investment Management, LLC (“BGIM”), and Bernard Tew, and on April 24, 2020, SKAT filed an amended complaint against the defendants (the foregoing collectively hereinafter referred to as the “Action”);
WHEREAS, SKAT and defendant BGIM now wish to resolve all the claims SKAT asserted in the Action against BGIM;
NOW THEREFORE, without trial or adjudication of issue of fact or law, and upon BGIM's consent, the Court finds that there is good and sufficient cause to enter this Consent Judgment, and that IT IS THEREFORE ORDERED, ADJUDGED, AND DECREED THAT:
1. This Consent Judgment is hereby entered in favor of plaintiff SKAT against defendant BGIM in the amount of $2,554,000 (US); and
2. Defendant BGIM shall be liable to pay the amount set forth in paragraph 1.
3. Each party shall bear its own attorneys' fees and costs.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Consent Judgment.
SO ORDERED: