YAZDANI et al v. DANLY INC et al

Filing 204

ORDER APPROVING SETTLEMENT OF MINORS' CLAIMS - granting 196 Motion for Approval of Settlement. By JUDGE D. BROCK HORNBY. (mnw)

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YAZDANI et al v. DANLY INC et al Doc. 204 UNITED STATES DISTRICT COURT DISTRICT OF MAINE M.Y., v. DANLY, INC., ET AL., DEFENDANTS ET AL., PLAINTIFFS ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL NO. 09-108-P-H ____________________________________ COLONY INSURANCE COMPANY, PLAINTIFF v. DANLY, INC., and BABAK YAZDANI, ET AL., PARTIES-IN-INTEREST ET AL., CIVIL NO. 10-308-P-H DEFENDANTS ORDER APPROVING SETTLEMENT OF MINORS' CLAIMS On February 21, 2011, the parties filed an Unopposed Motion for Approval of Settlement on Behalf of Minor Plaintiffs and Request to Dispense with Hearing. In accordance with 14 M.R.S.A. 1605 and Local Rule 41.2, I have carefully reviewed the Unopposed Motion; the settlement agreement; the terms of the annuities that the settlement will fund for the minors; the contingent fee agreement; declarations documenting the litigation expenses; and the attorneys' records describing the litigation-related tasks performed, their standard hourly rate, and the dates and hours worked. I am familiar with Dockets.Justia.com the underlying facts of the case, as well as the amount and the quality of work of counsel. Following the principles set forth in Holbrook v. Andersen Corp., 756 F. Supp. 34 (D. Me. 1991), approved by the Maine Law Court in Corey v. Corey, 803 A.2d 1014 (Me. 2002), I have determined that the settlement is "fair, reasonable and in the best interests of the minor[s]." Holbrook, 756 F. Supp. at 38. I also approve as reasonable the requested attorney fees. Accordingly, it is hereby ORDERED that the Unopposed Motion for Approval of Settlement on Behalf of Minor Plaintiffs and Request to Dispense with Hearing is GRANTED. SO ORDERED. DATED THIS 1ST DAY OF MARCH, 2011 /S/D. BROCK HORNBY D. BROCK HORNBY UNITED STATES DISTRICT JUDGE 2