United States District Court, N.D. California, San Francisco Division
March 7, 2014
IN RE TFT-LCD (FLAT PANEL) ANTITRUST LITIGATION.
AU Optronics Corporation, et al., No. 10-cv-3619; This Document Relates to: All Indirect-Purchaser Actions; State of Missouri, et al. State of Florida
AU Optronics Corporation, et al., No. 10-cv-3517; and State of New York
AU Optronics Corporation, et al., No. 11-cv-0711
Francis O. Scarpulla, (41059) Craig C. Corbitt, (83251) Judith A. Zahid, (215418) Patrick B. Clayton, (240191) Qianwei Fu, (242669) Heather T. Rankie, (268002) ZELLE HOFMANN VOELBEL & MASON LLP, San Francisco, CA.
Joseph M. Alioto, (42680) Theresa D. Moore, (99978) ALIOTO LAW FIRM, San Francisco, CA. Co-Lead Class Counsel for Indirect-Purchaser Plaintiffs
[PROPOSED] ORDER RE: DISTRIBUTION FROM ESCROW FUNDS FOR CLAIMS ADMINISTRATION
SUSAN ILLSTON, District Judge.
WHEREAS, on December 27, 2011, 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 July 30, 2012, the Court granted preliminary 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 $43, 457.40 (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:
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 $43, 457.40 to the following account:
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.