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In re Bit Digital, Inc. Securities Litigation — Entry #86: RESPONSE in Support of Motion re: 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 #86 · filed June 10, 2024

RESPONSE in Support of Motion re: 85 MOTION for Disbursement of Funds . . Document filed by Joseph Franklin Monkam Nitcheu..(Block, Jeffrey) (Entered: 06/10/2024)

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

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UNITED STATES DISTRICT COURT
                   SOUTHERN DISTRICT OF NEW YORK


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


REPLY IN SUPPORT AND NOTICE OF NON-OPPOSITION TO LEAD PLAINTIFF’S
         MOTION FOR DISTRIBUTION OF NET SETTLEMENT FUND


       Lead Plaintiff, Joseph Franklin Monkam Nitcheu, respectfully submits this notice of non-

opposition to his motion for the Court for an Order (a) approving the administrative determinations

of the Court-appointed Claims Administrator, Kroll Settlement Administration LLC (“Kroll”)

concerning the acceptance and rejection of the Claims submitted as recommended in the

Distribution Declaration of Robert Cormio In Support of Motion for Class Distribution Order (the

“Kroll Declaration” or “Kroll Decl.”) (ECF 85-2), and (b) directing payment of the Net Settlement

Fund to the Authorized Claimants.

       On April 24, 2024, Lead Plaintiff submitted his motion for Distribution of the Settlement

Fund (ECF 85). Since that date, there have been no filings or objections indicating opposition to

the proposed Distribution filed on the docket or communicated to Lead Counsel. As such, Plaintiff

respectfully requests that the Court approve and enter the [Proposed] Order for Distribution of Net

Settlement Fund as submitted on April 24, 2024 (ECF 85-1).


June 10, 2024                                        /s/ Jeffrey C. Block
                                                     Jeffrey C. Block
                                                     Jacob A. Walker, pro hac vice
                                                     Sarah E. Delaney
                                                     Shira T. Kotz
                                                     BLOCK & LEVITON LLP
                                                     260 Franklin Street, Suite 1860
                                                     Boston, MA 02110
                                                     (617) 398-5600 phone
                                                     (617) 507-6020 fax
                                                     jeff@blockleviton.com
                                                     jake@blockleviton.com
                                                     sarah@blockleviton.com
                                                     shira@blockleviton.com

                                                     Counsel for Lead Plaintiff and the Class