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Securities/Commodities | California Southern
Order
ORDER: (1) Granting Unopposed Motion for Final Approval of Settlement and Plan of Allocation; (2) Granting Motion for an Award of Attorneys' Fees and Expenses; and (3) Entering Judgment [ECF Nos. 149; 150]. Signed by Judge Janis L. Sammartino on 11/30/2021. (tcf)
Judgment - Clerk
CLERK'S JUDGMENT. IT IS SO ORDERED AND ADJUDGED that The Court hereby grants Lead Plaintiff's Final Approval Motion and Fees Motion. The Court certifies the Settlement Class for purposes of the Settlement and approves the Settlement and the Plan of Allocation as fair, reasonable, and adequate pursuant to Federal Rule of Civil Procedure 23(e). The Court orders the parties to undertake the obligations set forth in the Stipulation of Settlement that arise out of this Order. The Court awards attorneys' fees to Lead Counsel in the amount of $1,584,000 and litigation expenses in the amount of $100,529.65. The Court also AUTHORIZES Lead Counsel to deduct up to $250,000 from the Settlement Fund for reimbursement of the claims administration expenses after the total claims administration expenses are known. The Court further awards Plaintiff an incentive award in the amount of $9,230 for the work he performed as the class representative. Without affecting the finality of this Order, the Court maintains jurisdiction with respect to the implementation and enforcement of the terms of the Stipulation of Settlement. This case is closed. (tcf)
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