Filed: Mar. 14, 2012
Latest Update: Mar. 14, 2012
Summary: ORDER W. EARL BRITT, Senior District Judge. This matter is before the court on the parties' joint motion to approve final accounting and authorize escrow agent to release funds. The motion is ALLOWED. It is ORDERED that Wells Fargo Bank, N.A. is hereby directed to transfer from the Common Settlement Fund the total amount of $2,254,660.02 1 to the Settlement Administrator to be paid as follows: 1. $80,000 to a Cy Pres Sub-Fund for the public benefit of the citizens of the Town of Apex, North
Summary: ORDER W. EARL BRITT, Senior District Judge. This matter is before the court on the parties' joint motion to approve final accounting and authorize escrow agent to release funds. The motion is ALLOWED. It is ORDERED that Wells Fargo Bank, N.A. is hereby directed to transfer from the Common Settlement Fund the total amount of $2,254,660.02 1 to the Settlement Administrator to be paid as follows: 1. $80,000 to a Cy Pres Sub-Fund for the public benefit of the citizens of the Town of Apex, North ..
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ORDER
W. EARL BRITT, Senior District Judge.
This matter is before the court on the parties' joint motion to approve final accounting and authorize escrow agent to release funds. The motion is ALLOWED. It is ORDERED that Wells Fargo Bank, N.A. is hereby directed to transfer from the Common Settlement Fund the total amount of $2,254,660.021 to the Settlement Administrator to be paid as follows:
1. $80,000 to a Cy Pres Sub-Fund for the public benefit of the citizens of the Town of Apex, North Carolina;
2. $86,822.22 to Chartis Speciality Insurance Company for reimbursement for prior payments;
3. $1,991,883.242 to Chartis Speciality Insurance Company for its pro rata share of the remaining settlement funds;
4. $46,477.28 to Allworth, Inc. for its pro rata share of the remaining settlement funds;
5. $46,477.28 to Mobile Aerospace Engineering, Inc. for its pro rata share of the remaining settlement funds;
6. $1,001.67 to Henry Dart for his pro rata share of unallocated attorneys' fees;
7. $75.51 to Donald Dunn for his pro rata share of unallocated attorneys' fees;
8. $744.96 to M. David Karnas for his pro rata share of unallocated attorneys' fees;
9. $392.61 to J. Michael Malone for his pro rata share of unallocated attorneys' fees;
10. $75.51 to Roger Orland for his pro rata share of unallocated attorneys' fees;
11. $35.25 to Jesse Shapiro for his pro rata share of unallocated attorneys' fees; and
12. $674.49 to Robert Zaytoun for his pro rata share of unallocated attorneys' fees.
It is further ORDERED that Wells Fargo Bank, N.A. is hereby directed to transfer from the Cost Sub-Fund the total amount of $345,586.09 to the Settlement Administrator to be paid as follows:
1. $52,507.80 to the Settlement Administrator to pay the final bill for his fees and costs;
2. $80,889.61 to Henry Dart for litigation costs and expenses;
3. $3,604.86 to Donald Dunn for litigation costs and expenses;
4. $63,187.68 to M. David Karnas for litigation costs and expenses;
5. $32,736.84 to J. Michael Malone for litigation costs and expenses;
6. $60,755.13 to Roger Orland for litigation costs and expenses; and
7. $51,904.17 to Robert Zaytoun for litigation costs and expenses.
Finally, having been informed on 28 November 2011 by defense counsel that the parties had resolved plaintiffs' motion to compel payment for overdue expert witness costs and sanctions, that motion is DENIED WITHOUT PREJUDICE.
