Filed: Feb. 14, 2020
Latest Update: Feb. 14, 2020
Summary: ORDER ESTABLISHING QUALIFIED SETTLEMENT FUND BRIAN MORRIS , District Judge . The Court, having reviewed the submissions of the parties, and finding good cause to do so, HEREBY ORDERS, ADJUDGES, AND DECREES AS FOLLOWS: 1. The Court approves the establishment of the Petitioner Qualified Settlement Fund (the "Petitioner QSF") in connection with the General Release and Settlement Agreements approved by and filed with this Court (Doc. 207) 2. The Court also approves the Trust Agreement (the "T
Summary: ORDER ESTABLISHING QUALIFIED SETTLEMENT FUND BRIAN MORRIS , District Judge . The Court, having reviewed the submissions of the parties, and finding good cause to do so, HEREBY ORDERS, ADJUDGES, AND DECREES AS FOLLOWS: 1. The Court approves the establishment of the Petitioner Qualified Settlement Fund (the "Petitioner QSF") in connection with the General Release and Settlement Agreements approved by and filed with this Court (Doc. 207) 2. The Court also approves the Trust Agreement (the "Tr..
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ORDER ESTABLISHING QUALIFIED SETTLEMENT FUND
BRIAN MORRIS, District Judge.
The Court, having reviewed the submissions of the parties, and finding good cause to do so, HEREBY ORDERS, ADJUDGES, AND DECREES AS FOLLOWS:
1. The Court approves the establishment of the Petitioner Qualified Settlement Fund (the "Petitioner QSF") in connection with the General Release and Settlement Agreements approved by and filed with this Court (Doc. 207)
2. The Court also approves the Trust Agreement (the "Trust") that is to govern the administration and Petitioner QSF attached as Exhibit 1 to Petitioner's APPLICATION FOR ORDER APPROVING THE ESTABLISHMENT OF A QUALIFIED SETTLEMENT FUND.
3. The Trust is established for the benefit of the Beneficiaries listed in the Trust and to resolve or satisfy the claims, actions, and lawsuits of such Beneficiaries against all Releasees identified in the General Release and Settlement Agreements mentioned in Paragraph 1. The Releasees are identified as the "Transferors" in the Trust.
4. The terms of the Petitioner QSF shall be carried out immediately.
5. The Petitioner QSF shall be governed by the terms set forth in Exhibit 1 to Petitioner's APPLICATION FOR ORDER APPROVING THE ESTABLISHMENT OF A QUALIFIED SETTLEMENT FUND, Internal Revenue Code Section 468B, and Treasury Regulation Sections 1.468B-1 through 1.468B-5.
