In re Bit Digital, Inc. Securities Litigation — Entry #87: ORDER FOR DISTRIBUTION OF NET SETTLEMENT FUND granting 85 Motion for Disbursement of Funds

Case: In re Bit Digital, Inc. Securities Litigation nysd · 1:21-cv-00515

filed January 20, 2021

What this document is

Docket entry #87 · filed June 14, 2024

ORDER FOR DISTRIBUTION OF NET SETTLEMENT FUND granting 85 Motion for Disbursement of Funds. IT IS HEREBY ORDERED, this 14th day of June, 2024, upon the motion of Lead Plaintiff Joseph Franklin Monkam Nitcheu ("Lead Plaintiff"), for an entry of an Order for Distribution of the Net Settlement Fund, that: 1. The administrative determinations of the Claims Administrator, Kroll Settlement Administration LLC ("Kroll"), described in the Distribution Declaration of Robert Cormio Regarding (A) Mailing of the Postcard Notice; (B) Administration of Received Claims; and (C) Proposed Distribution of Settlement Fund (the "Kroll Declaration"), are hereby approved; and 2. Kroll is directed to proceed with payment of the Net Settlement Fund to the Authorized Claimants as described in the Kroll Declaration.. (Signed by Judge Andrew L. Carter, Jr on 6/14/2024) (ks) Transmission to Finance Unit (Cashiers) for processing. (Entered: 06/14/2024)

Who is involved

Andre Johnson
Anthony Pauwels
Bit Digital, Inc.
Erke Huang
Joseph Franklin Monkam Nitcheu
Min Hu
Zhongxun Yang

Why we have it

We follow this case because it names a company we track, although that company is not a party:

Hut 8: its former name “Hut 8 Mining Corp.” appears in a filing in this case.
…International, Inc; Hive Blockchain Technologies Inc; Hut 8 Mining Corp; HashChain Technology, Inc; MGT Capital Investments…

A free copy from the RECAP archive of federal court filings (mirrored at the Internet Archive), retrieved October 31, 2026. Federal court filings are public records.

URL: https://archive.org/download/gov.uscourts.nysd.552581/gov.uscourts.nysd.552581.87.0.pdf
Kind: court_filing
Publisher: RECAP
Published: 2024-07-10 00:00:00-04:00
Retrieved: 2026-10-31 06:50:46.636893-04:00
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SHA-256: 5e6b1330025299f55d3c5c77aaec84ada05a9e88a64339b93229565c09e1a914

Document text

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Full text

USDC SDNY
            Case 1:21-cv-00515-ALC Document 87 Filed 06/14/24 DOCUMENT
                                                              Page 1 of 1
                                                              ELECTRONICALLY FILED
                                                              DOC#: _ _ __ _ __ _
                                                              DATE FILED: 6/14/2024

                           UNITED STATES DISTRICT COURT
                          SOUTHERN DISTRICT OF NEW YORK


  IN RE: BIT DIGITAL, INC.                          Lead Case No. 1:21-cv-00515-ALC
  SECURITIES LITIGATION


               ORDER FOR DISTRIBUTION OF NET SETTLEMENT FUND

       IT IS HEREBY ORDERED, this 14th day of June, 2024, upon the motion of Lead

Plaintiff Joseph Franklin Monkam Nitcheu ("Lead Plaintiff'), for an entiy of an Order for

Disti·ibution of the Net Settlement Fund, that:

       1.      The administi·ative detenninations of the Claims Administrator, Kroll Settlement

Administration LLC ("Kroll"), described in the Distribution Declaration of Robert Connio

Regarding (A) Mailing of the Postcard Notice; (B) Administration of Received Claims; and (C)

Proposed Distribution of Settlement Fund (the "Kroll Declaration"), are hereby approved; and

       2.      Kroll is directed to proceed with payment of the Net Settlement Fund to the

Authorized Claimants as described in the Kroll Declaration.

Dated: June 14, 2024


                                                              Honorable Andrew L. Carter, Jr.
                                                              United States Disti·ict Judge