Edward Grossmann Discusses Settlement Distribution at Citizens Bank Conference
September 25, 2008
BLB&G partner Edward Grossmann recently participated in a conference sponsored by Citizens Bank entitled, “Distribution of Securities Litigation Settlements: Improving the Process,” during which he served as a member of the “Issues and Options Surrounding Payment” breakout group. The event took place on September 25, 2008 in New York City.
Mr. Grossmann’s group discussed various topics relating to settlement payments, including the cumbersome issue of un-cashed checks, holdbacks and distribution of residual funds, and errors in payment, among others.
Mr. Grossman is one of the firm’s founding partners, and has served as lead counsel in the Prudential-Bache Energy Income Limited Partnership and the In re Bennett Funding Group class actions, well-publicized cases which have each settled for in excess of $120 million.