Opinion
14-MD-2543 (JMF) 14-MC-2543 (JMF)
09-30-2022
[PROPOSED] COMMON BENEFIT ORDER FUND DISBURSEMENT ORDER
Hon. Jesse M. Furman, Judge.
WHEREAS, Orders No. 13 (Dkt. No. 304) and No. 42 (Dkt. No. 743) establish procedures for the collection, expenditure, and disbursement of funds for the common benefit of Plaintiffs in this multi-district litigation;
WHEREAS, in accordance with this Court's Orders dated May 28, 2021 (Dkt. No. 8543), July 16, 2021 (Dkt. No. 8565), and December 15, 2021 (Dkt. No. 8689), Participating Counsel were paid and/or reimbursed for certain fees and costs, including certain of the lodestar incurred in connection with the Economic Loss Class Action, expenses incurred with the litigation and not previously reimbursed, and Held Costs and certain other costs likewise not previously reimbursed;
WHEREAS, Co-Lead Counsel have identified previously unreimbursed costs in the amount of $432,354.84.
WHEREAS, additional funds have become available in the Common Benefit Order Fund, which total $456,467.84 after payment of costs described herein.
WHEREAS, Co-Lead Counsel have proposed distributions in the same ratios as in the Court's prior fee distribution Order of December 15, 2021 (Dkt. No. 8689), for previously unreimbursed fees for common benefit work that are appropriately reimbursable from the Common Benefit Order Fund;
WHEREAS, Plaintiffs seek reimbursement of the above-referenced amounts;
WHEREAS, there are sufficient funds for the reimbursement in the Common Benefit Order Fund;
NOW, THEREFORE, IT IS ORDERED that the $888,822 shall be disbursed from the Common Benefit Order Fund to Participating Counsel, as set forth in Exhibit A.
SO ORDERED.