In re Leapfrog Enterprises, Inc. Securities Litigation

Filing 324

ORDER 320 Granting Application for an Order Authorizing Cy Pres Distribution. Signed by Judge Ronald M. Whyte on 11/16/11. (jg, COURT STAFF) (Filed on 11/16/2011)

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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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SAN JOSE DIVISION
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In re LEAPFROG ENTERPRISES, INC.
13 SECURITIES LITIGATION
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This Document Relates To:
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All Actions
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CIVIL ACTION NO. C-03-05421-RMW
[] ORDER GRANTING
APPLICATION FOR AN ORDER
AUTHORIZING CY PRES
DISTRIBUTION

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[03-05421(RMW)] [] ORDER GRANTING APPL. FOR AN ORDER AUTHORIZING CY PRES
DISTRIBUTION FUND

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Having considered the papers filed by the Lead Plaintiff Parnassus Fund and the Parnassus

2 Equity Income Fund (“Lead Plaintiff”) for an Order Authorizing Cy Pres Distribution to The
3 Institute for Law & Economic Policy; it further appearing to the Court that $18,693.90 in
4 outstanding uncashed expired eligible claimant checks remains in the Net Settlement Fund; and for
5 good cause shown,
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IT IS HEREBY ORDERED:

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(1)

Lead Plaintiff’s Application for an Order Authorizing Cy Pres Distribution is

8 GRANTED.
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(2)

The Court authorizes Lead Plaintiff’s counsel to distribute $18,693.90 of settlement

10 funds to The Institute for Law & Economic Policy.
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(3)

This distribution of settlement funds is made pursuant to the inherent authority of the

12 Court and consent of the parties, specifically pursuant to the Stipulation of Settlement (ECF No. 274)
13 reached in this case.
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(4)

Pursuant to the Court’s December 21, 2009, Order re: Distribution of Class

15 Settlement Fund (ECF No. 319), the Claims Administrator shall distribute the remaining funds to
16 The Institute for Law & Economic Policy.
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(5)

Providing no further adjustments must be made to the accounting, then after ninety

18 days (a) the settlement administration will be terminated; and (b) Lead Plaintiff, Lead Counsel and
19 the Claims Administrator will be discharged from any further duties in connection with the
20 administration of the settlement fund.
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IT IS SO ORDERED.

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HON. RONALD M. WHYTE
UNITED STATES DISTRICT COURT JUDGE

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[03-05421(RMW)] [] ORDER GRANTING APPL. FOR AN ORDER AUTHORIZING CY PRES
DISTRIBUTION FUND

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1 Submitted by:
2 Joseph J. Tabacco, Jr.
Christopher T. Heffelfinger
3 Nicole Lavallee
BERMAN DEVALERIO
4 One California Street, Suite 900
San Francisco, CA 94111
5 Telephone: [phone]
Facsimile: [phone]
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Liaison Counsel for Lead Plaintiff and the Class
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Steven J. Toll
8 COHEN MILSTEIN SELLERS & TOLL PLLC
1100 New York Avenue, N.W.
9 West Tower, Suite 500
Washington, D.C. 20005
10 Telephone: [phone]
Facsimile: [phone]
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Lead Counsel for Lead Plaintiff and the Class
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[03-05421(RMW)] [] ORDER GRANTING APPL. FOR AN ORDER AUTHORIZING CY PRES
DISTRIBUTION FUND

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