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Stockholders Suits | New York Southern
Fairness Hearing
Minute Entry for proceedings held before Judge Victor Marrero: Class action fairness hearing held on February 21, 2025. Daniel Centner, Jeffrey Sonn, and Brian Pastor present for Plaintiffs. Jonathan Shapiro present for Defendants. Court reporter present. Upon consideration of the submissions on the record and the presentations at the hearing, the Court grants Plaintiffs Motion for Final Approval of the Class Action Settlement and Plan of Allocation as well as Plaintiffs Motion for an Award of Attorneys Fees and Reimbursement of Expenses.
Order
FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE The Court finds that Defendants and have satisfied their financial obligations under the Stipulation by paying or causing to be paid $6,200,000 USD to the Gross Settlement Fund, in accord ance with Paragraph 7 of the Stipulation; and agreeing to forego their rights to the Forgiven Fees, up to a maximum amount of $2,750,000, in accordance with Paragraph 17 of the Stipulation. The Court addresses Settlement Class Counsels 9; application for fees and reimbursement of expenses herein as follows: Attorneys' Fees - Lead Counsel is awarded attorneys' fees in the amount of $ 2,066,666.67 and expenses in the amount of $196,529.19, plus any applicable i nterest, such amounts to be paid out of the Settlement Fund immediately following entry of this Order. There is no just reason to delay the entry of this Judgment as a final judgment in this Action. Accordingly, the Clerk of the Court is expressly directed to immediately enter this final judgment in this Action. (And as further set forth herein.) IT IS SO ORDERED. (Signed by Judge Victor Marrero on 2/21/2025) (jca)
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