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
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 S..
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[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 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