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In re Tft-Lcd (Flat Panel) Antitrust Litigation

United States District Court, Ninth Circuit, California, N.D. California, San Francisco Division
Jun 26, 2014
3:07-MD-1827 SI (N.D. Cal. Jun. 26, 2014)

Opinion

          Francis O. Scarpulla, Craig C. Corbitt, Judith A. Zahid, Patrick B. Clayton, Qianwei Fu, Heather T. Rankie, ZELLE HOFMANN VOELBEL & MASON LLP, San Francisco, CA.

          Joseph M. Alioto, Theresa D. Moore, ALIOTO LAW FIRM, San Francisco, CA Co-Lead Class Counsel for Indirect-Purchaser Plaintiffs


          [PROPOSED] ORDER RE: DISTRIBUTION FROM ESCROW FUNDS FOR CLAIMS ADMINISTRATION

          SUSAN ILLSTON, District Judge.

         WHEREAS, on December 27, 2011, the Court granted final approval to settlements between the Indirect-Purchaser Plaintiffs ("IPPs") and the States of Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia, and Wisconsin ("Settling States") on the one hand, and defendants Chimei, Chunghwa, Epson, HannStar, Hitachi, Samsung and Sharp, as identified in the respective Settlement Agreements, and inclusive of related entities also identified in the respective Settlement Agreements (collectively, "Group-I Settling Defendants"), on the other hand; and

         WHEREAS, on July 30, 2012, the Court granted preliminary approval to the settlements between IPPs and the Settling States, and defendants AUO, LG and Toshiba, as identified in the respective Settlement Agreements (collectively, "Group-II Settling Defendants" and with the Group-I Settling Defendants referred to hereafter as "All Settling Defendants"), on the other hand; and

         WHEREAS, the Settlement Agreements with All Settling Defendants provide that the costs of administration of the claims process shall be paid from the Settlement Fund of each Settling Defendant, pro rata, based on each Settling Defendant's Settlement Amount; and

         WHEREAS, the cost of claims administration invoiced by Rust Consulting is $62, 211.72 (see Exhibit 1 attached hereto); and

         WHEREAS, pursuant to the Settlement Agreements the following amounts may be deducted from each Settling Defendant's Settlement Fund to pay such costs of claims administration:

         

Chimei $6, 340.06 Chunghwa $305.01 Epson $163.86 HannStar $1, 474.72 Hitachi $2, 240.96 Samsung $13, 798.56 Sharp $6, 640.56 AUO $9, 285.28

         

LG $20, 755.34 Toshiba $1, 207.37 TOTAL $62, 211.72

         WHEREAS, Well Fargo Bank, N.A. has informed the parties that it requires an order from the Court before it will distribute payment for these additional costs;

         THEREFORE, IT IS HEREBY ORDERED that Wells Fargo Bank, N.A. shall wire $62, 211.72 to the following account:

         The balance of funds in the demand-deposit account, if any, shall be retained for additional costs as they are incurred.

         IT IS SO ORDERED.

         EXHIBIT 1


Summaries of

In re Tft-Lcd (Flat Panel) Antitrust Litigation

United States District Court, Ninth Circuit, California, N.D. California, San Francisco Division
Jun 26, 2014
3:07-MD-1827 SI (N.D. Cal. Jun. 26, 2014)
Case details for

In re Tft-Lcd (Flat Panel) Antitrust Litigation

Case Details

Full title:IN RE TFT-LCD (FLAT PANEL) ANTITRUST LITIGATION. v. AU Optronics…

Court:United States District Court, Ninth Circuit, California, N.D. California, San Francisco Division

Date published: Jun 26, 2014

Citations

3:07-MD-1827 SI (N.D. Cal. Jun. 26, 2014)