NEW YORK, Sept. 30, 2013 /PRNewswire-USNewswire/ -- The following is being released pursuant to Order of the United States District Court for the Southern District of New York in Anwar v. Fairfield Greenwich Limited, 1:09-cv-00118 (VM).
NOTICE OF PROPOSED PARTIAL SETTLEMENT IN CLASS ACTION AGAINST
GLOBEOP FINANCIAL SERVICES LLC ON BEHALF OF INVESTORS IN
GREENWICH SENTRY. L.P. AND GREENWICH SENTRY PARTNERS, L.P.
FROM OCTOBER 31, 2003 THROUGH SEPTEMBER 1, 2006
(THE PERIOD IN WHICH GLOBEOP ACTED AS ADMINISTRATOR OF THE FUNDS)
TO: All Persons who purchased or held interests in Greenwich Sentry, L.P. or Greenwich Sentry Partners, L.P. (the "Funds") from October 31, 2003 through September 1, 2006, who were investors in the Funds as of December 10, 2008 and suffered a Net Loss of principal invested in the Funds.
A federal court authorized this Notice. This is not a solicitation from a lawyer.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on November 22, 2013, at 2:30 p.m., before The Honorable Victor Marrero, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York (the "Court"), for the purpose of determining (1) whether the proposed settlement of claims against GlobeOp Financial Services LLC ("GlobeOp") for $5,000,000 should be approved by the Court as fair, reasonable and adequate; (2) whether this Action should be dismissed with prejudice as to GlobeOp and related persons pursuant to the terms and conditions set forth in the Stipulation dated as of August 27, 2013; (3) whether the proposed plan to distribute the settlement proceeds is fair, reasonable and adequate and should be approved; and (4) whether the application of Plaintiffs' Counsel for the payment of attorneys' fees and expenses incurred in connection with the claims and settlement against GlobeOp should be approved.
If you purchased or held interests in one or both of the Funds from October 31, 2003 through September 1, 2006, and suffered a Net Loss in principal on your investment, your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in the Funds. Net Loss means the total cash investment made by an investor in the Funds, less the total amount of any redemptions or withdrawals or recoveries by that investor from or with respect to the Funds.
If you are a member of the Settlement Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form that is received no later than December 23, 2013, establishing that you are entitled to recovery.
If you desire to be excluded from the Settlement Class, you must submit a request for exclusion that is received by October 25, 2013. Any objection to any aspect of the Settlement must be filed with the Court no later than October 25, 2013.
If you wish to receive a detailed Notice concerning the terms of the Settlement or the Proof of Claim and Release form, you may obtain copies by writing to Fairfield Greenwich Securities Litigation, c/o Rust Consulting, Inc., P.O. Box 2874, Faribault, MN 55021-8674, or by visiting www.FairfieldGreenwichLitigation.com.
DO NOT TELEPHONE THE COURT, THE CLERK'S OFFICE OR ANY OF THE DEFENDANTS OR COUNSEL FOR THE DEFENDANTS REGARDING THIS NOTICE.
DATED: September 30, 2013
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
SOURCE Rust Consulting