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IN RE TFT-LCD (FLAT PANEL) ANTITRUST LITIGATION, 3:07-MD-1827 SI. (2016)

Court: District Court, N.D. California Number: infdco20160229737 Visitors: 9
Filed: Feb. 26, 2016
Latest Update: Feb. 26, 2016
Summary: [PROPOSED] ORDER RE: DISTRIBUTION FROM ESCROW FUNDS FOR CLAIMS ADMINISTRATION SUSAN ILLSTON , District Judge . WHEREAS, on July 11, 2012, 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
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[PROPOSED] ORDER RE: DISTRIBUTION FROM ESCROW FUNDS FOR CLAIMS ADMINISTRATION

WHEREAS, on July 11, 2012, 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 April 3, 2013, the Court granted final 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 $74,625.41 (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 $7,605.15 Chunghwa $365.87 Epson $196.55 HannStar $1,768.99 Hitachi $2,688.12 Samsung $16,551.92 Sharp $7,965.61 AUO $11,138.06 LG $24,896.85 Toshiba $1,448.29 ______________________ TOTAL $74,625.41

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 $74,625.41 to the following account:

Bank of Texas ABA/Routing # 111014325 Account # 8093434387 Account Name: Rust Consulting Reference # 128325 Federal Tax ID # 41-1813634 Bank Contact: Mayra Landeros, (214) 987-8817

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

Invoice 625 MARQUETTE AVENUE, SUITE 880 DATE: 02/23/16 MINNEAPOLIS, MN 55402 INVOICE #: 16-267 P 612.359.2000 I F 612.359.2050 MATTER #: 829200 WWW.RUSTCONSULTING.COM FEDERAL ID #: 41-1813634 TO: Qianwei Fu Attorney at Law Zelle LLP 44 Montgomery Street, Suite 3400 San Franciso, CA 94104 QFu@zelle.com PROJECT LCD Indirect January 2016 Claims Administration Services Project Management 7,687.84 Technical Consulting 2,410.00 Initial Notice 61.60 Correspondence/Admin Mail 32.34 Claims Validation & Audits 16.66 Call Center Support 362.60 Fund Distribution 1,545.38 Payment Calculations 2,155.84 Check Reissues 968.50 Bank Account Mgmt/Tax Reporting 573.81 ________________ SUBTOTAL 15,814.57 Expenses and Other Charges: Call Center/Telecommunications $ 1,353.64 Shredding/Storage 2,512.70 Bank Fees/Other 460.00 Photocopies/Faxing/Printing 62.30 Address Traces/Undeliverables 25.20 Website Hosting 325.00 ________________ SUBTOTAL 4,738.84 TOTAL INVOICE $ 20,553.41 ____________________ WIRE INFORMATION PAYMENT TERMS: NET DUE UPON RECEIPT ACCOUNT #: 8093434387 ABA/ROUTING # WIRE or ACH: 111014325 BANK: BANK OF TEXAS, DALLAS, TX 75225 BANK CONTACT: MAYRA LANDEROS 214.987.8817 REFERENCE: INVOICE NUMBER PAYMENT MAILING ADDRESS: P O BOX 142589 DRAWER #9051 Irving, TX 75014-2589 Dated: 02/23/16 INVOICE #: 16-267 MATTER #: 829200 STATEMENT OF ACCOUNT Current Invoice Per January 2016 Claims Administration Services Total Current Invoice $ 20,553.41 OUTSTANDING INVOICES: Date Invoice # Amount Payments Balance 11/12/15 15-6173 14,603.65 14,603.65 1/4/16 15-6617 21,193.00 21,193.00 1/18/16 15-6730 18,275.35 18,275.35 PREVIOUS BALANCE DUE $ 54,072.00 Total Amount Due $ 74,625.41 WIRE INFORMATION PAYMENT TERMS: NET DUE UPON RECEIPT ACCOUNT #: 8093434387 ABA/ROUTING # WIRE or ACH: 111014325 BANK: BANK OF TEXAS, DALLAS, TX 75225 BANK CONTACT: MAYRA LANDEROS 214.987.8817 REFERENCE: INVOICE NUMBER PAYMENT MAILING ADDRESS: P O BOX 142589 DRAWER #9051 Irving, TX 75014-2589
Source:  Leagle

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