Steamfitters Local 449 Pension Fund v. Sturm, Ruger & Co., Inc. et al

Filing 105

ORDER granting 96 Motion for Attorney Fees; granting 96 Motion for Settlement. See attached orders. The Court awards attorneys fees of 30% of the Settlement Fund plus expenses in the amount of $45,537.12 plus interest on both amounts. The Clerk is directed to close the case. Signed by Judge Vanessa L. Bryant on 8/20/2012. (Attachments: # 1 Supplement, # 2 Supplement, # 3 Supplement) (Fernandez, Melissa)

UNITED STATES DISTRICT COURT
DISTRICT OF CONNECTICUT
In re STURM, RUGER & COMPANY, INC. )
SECURITIES LITIGATION
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This Document Relates To:
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ALL ACTIONS.
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Master File No. 3:09-cv-01293-VLB
CLASS ACTION
ORDER APPROVING
PLAN OF ALLOCATION OF
SETTLEMENT PROCEEDS

THIS MATTER having come before the Court on Lead Plaintiff’s motion for
approval of the Plan of Allocation of the net settlement proceeds in the abovecaptioned action; the Court having considered all papers filed and proceedings had
herein and otherwise being fully informed in the premises;
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that:
1.

For purposes of this Order, the terms used herein shall have the same

meanings as set forth in the Stipulation of Settlement dated December 29, 2011 (the
“Stipulation”).
2.

Pursuant to and in full compliance with Rule 23 of the Federal Rules of

Civil Procedure, this Court hereby finds and concludes that due and adequate notice
was directed to all Persons who are Class Members advising them of the Plan of
Allocation and of their right to object thereto, and a full and fair opportunity was
accorded to all Persons and entities who are Class Members to be heard with
respect to the Plan of Allocation. No Person objected to the Plan of Allocation.
3.

The Court hereby finds and concludes that the formula for the

calculation of the claims of Authorized Claimants, which is set forth in the Notice of
Pendency of Class Action and Proposed Settlement, Motion for Attorneys’ Fees and
Settlement Fairness Hearing (the “Notice”) sent to Class Members, provides a fair
and reasonable basis upon which to allocate the proceeds of the Net Settlement
Fund established by the Stipulation among Class Members, with due consideration
having been given to administrative convenience and necessity.

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4.

The Court hereby finds and concludes that the Plan of Allocation set

forth in the Notice is in all respects fair and reasonable and the Court hereby
approves the Plan of Allocation.
IT IS SO ORDERED.

8/20/2012
DATED: _____________

/s/
_____________________________________
THE HONORABLE VANESSA L. BRYANT
UNITED STATES DISTRICT JUDGE

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