Filed: Jun. 22, 2018
Latest Update: Jun. 22, 2018
Summary: STIPULATION AND ORDER RE DIRECTING PAYMENT OF FUNDS HELD IN TRUST BY LAW FIRMS AND FINANCIAL INSTITUTIONS PURSUANT TO FINAL APPROVAL OF CLASS ACTION SETTLEMENT HOWARD D. McKIBBEN , District Judge . WHEREAS, plaintiffs Shige Takiguchi, et al. ("Plaintiffs") and (1) Junzo Suzuki, (2) Paul Suzuki, (3) Keiko Suzuki, (4) the Suzuki Enterprises, Inc. Profit Sharing Plan, (5) Catherine Suzuki, trustee of the Junzo Suzuki Irrevocable Trust, (6) Catherine Suzuki, trustee of the Keiko Suzuki Irrevoca
Summary: STIPULATION AND ORDER RE DIRECTING PAYMENT OF FUNDS HELD IN TRUST BY LAW FIRMS AND FINANCIAL INSTITUTIONS PURSUANT TO FINAL APPROVAL OF CLASS ACTION SETTLEMENT HOWARD D. McKIBBEN , District Judge . WHEREAS, plaintiffs Shige Takiguchi, et al. ("Plaintiffs") and (1) Junzo Suzuki, (2) Paul Suzuki, (3) Keiko Suzuki, (4) the Suzuki Enterprises, Inc. Profit Sharing Plan, (5) Catherine Suzuki, trustee of the Junzo Suzuki Irrevocable Trust, (6) Catherine Suzuki, trustee of the Keiko Suzuki Irrevocab..
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STIPULATION AND ORDER RE DIRECTING PAYMENT OF FUNDS HELD IN TRUST BY LAW FIRMS AND FINANCIAL INSTITUTIONS PURSUANT TO FINAL APPROVAL OF CLASS ACTION SETTLEMENT
HOWARD D. McKIBBEN, District Judge.
WHEREAS, plaintiffs Shige Takiguchi, et al. ("Plaintiffs") and (1) Junzo Suzuki, (2) Paul Suzuki, (3) Keiko Suzuki, (4) the Suzuki Enterprises, Inc. Profit Sharing Plan, (5) Catherine Suzuki, trustee of the Junzo Suzuki Irrevocable Trust, (6) Catherine Suzuki, trustee of the Keiko Suzuki Irrevocable Trust, (7) Catherine Suzuki, trustee of the Junzo Suzuki and Keiko Suzuki Irrevocable Trust, (8) Suzuki Enterprises, Inc., (9) Puuikena Investments LLP, (10) Catherine Mai Suzuki, trustee of the Catherine Suzuki Irrevocable Trust dated May 10, 2013, and (11) Paul Musashi Suzuki, trustee of the Paul Musashi Suzuki Irrevocable Trust dated May 10, 2013 (collectively, the "Suzuki Defendants") are collectively referred to herein as the "Parties";
WHEREAS, on December 11, 2017 the Suzuki Defendants entered into a Settlement Agreement with Plaintiffs by which they agreed to pay certain funds held at various financial institutions or attorney trust accounts as consideration for resolution this action;
WHEREAS, on May 22, 2018 the Court granted final approval of the class action settlement with the Suzuki Defendants (Dkt. 840);
WHEREAS, pursuant to the Settlement Agreement the following entities are required towire transfer the entire balances from the accounts designated below to the Court appointed claims administrator, Heffler Claims Group to be held in a qualified settlement fund:
1. The entire balance held in trust by Damon Key Leong Kupchak Hastert for the benefit of Junzo Suzuki, Keiko Suzuki, Paul Suzuki, Catherine Suzuki, Suzuki Enterprises, Inc., or Puuikena Investments LLLP;
2. The entire balance held in trust by McDonald Carano LLP for the benefit of Junzo Suzuki, Keiko Suzuki, Paul Suzuki, Catherine Suzuki, Suzuki Enterprises, Inc., or Puuikena Investments LLLP;
3. The entire balance of account number xx-xx3072 at First Hawaiian Bank in the name of Junzo and Keiko Suzuki;
4. The entire balance of account number xx-xx3746 at First Hawaiian Bank in the name of Suzuki Enterprises, Inc.;
5. The entire balance of account number xxx-x1J26 at Merrill Edge Wealth Management (Bank of America, N.A.) in the name of Junzo Suzuki Trustee U/A DTD 08/19/20013;
6. The entire balance of account number xxx-x1J27 held at Merrill Edge Wealth Management (Bank of America, N.A.) in the name of Keiko Suzuki Trustee U/A DTD 08/19/20013;
7. The entire balance of account number xxxx-xxxx-3467 held at Bank of America, N.A. in the name of Junzo Suzuki and Keiko Suzuki; NOW, therefore, the Parties stipulate as follows:
1. Damon Key Leong Kupchak Hastert is ordered to wire transfer the entire balance it holds in trust for the benefit of Junzo Suzuki, Keiko Suzuki, Paul Suzuki, Catherine Suzuki, Suzuki Enterprises, Inc., or Puuikena Investments LLLP to the qualified settlement account designated by Heffler Claims Group;
2. McDonald Carano LLP is ordered to wire transfer $22,912.62 it holds in trust for the benefit of Junzo Suzuki, Keiko Suzuki, Paul Suzuki, Catherine Suzuki, Suzuki Enterprises, Inc., or Puuikena Investments LLLP to the qualified settlement account designated by Heffler Claims Group. The remaining balance of $20,294.20 that McDonald Carano LLP holds in trust shall be retained by them for the payment of outstanding legal expenses owed by the Suzuki Defendants. In order to make up for the funds being retained by McDonald Carano LLP, $20,294.20 shall be credited to Plaintiffs from the excess funds from the irrevocable trust accounts in the name of Junzo Suzuki and/or Keiko Suzuki, which are already in the custody of Heffler Claims Group;
3. First Hawaii Bank is ordered to wire transfer the entire balance in account number xxxx3072 held in the name of Junzo and Keiko Suzuki to the qualified settlement account designated by Heffler Claims Group;
4. First Hawaii Bank is ordered to wire transfer the entire balance in account number xxxx3746 at First Hawaiian Bank held in the name of Suzuki Enterprises, Inc. to the qualified settlement account designated by Heffler Claims Group;
5. Merrill Edge Wealth Management (Bank of America, N.A.) is ordered to wire transfer the entire balance in account number xxx-x1J26 held in the name of Junzo Suzuki Trustee U/A DTD 08/19/20013 to the qualified settlement account designated by Heffler Claims Group;
6. Merrill Edge Wealth Management (Bank of America, N.A.) is ordered to wire transfer the entire balance in account number xxx-x1J27 in the name of Keiko Suzuki Trustee U/A DTD 08/19/20013 to the qualified settlement account designated by Heffler Claims Group; and
7. Bank of America, N.A. is ordered to wire transfer the entire balance in account number xxxx-xxxx-3467 at Bank of America, N.A. held in the name of Junzo Suzuki and Keiko Suzuki to the qualified settlement account designated by Heffler Claims Group.
ORDER
PURSUANT TO STIPULATION, IT IS SO ORDERED.
