Kardonick v. JP Morgan Chase & Co. et al

Filing 481

SETTLEMENT DISTRIBUTION ORDER Signed by Senior Judge William M. Hoeveler on 4/10/2013. (ra)

UN I
TED STA TES D ISTR I T CO U R T
C
SO UTH ER N DISTR I T O F FLO R IDA
C
M I M ID I ISIO N
A
V
C as N o.1: cve
10- 23235/ O E VELER
H

D AV I K ARD ON I ,JOHN D A VI and
D
CK
D
MI
CHA EL CLEM I S!i vi l and on
N ndi dualy
behal ofal ot s sm la l s m a ed and t
f
1 her i l r y i t
he
gene alpublc,
r
i
Pl ntf ,
ai if
V.

J OR GA N CHA SE & CO .a CHA SE
PM
nd
BAN K U SA ,N . .
A
D ef
endant
s.

I
SETTLEM EN T D I
STR I UTIO N O R DE R
B

W HEREAS, t a ve-a ine ca s a ton (he t cin' wa
he bo c pto d ls ci t W to ' s
)
s ted pur uant t t t r s and condii
etl
s
o he e m
tons of t Stpul i and
he i aton

Agre nto Sete ntdae De e r20, 0 (het tlme ) a
e me f tlme td c mbe 201 t t te nf'; nd
se
W H EREA S,t sCourthel a hearng on t f r s oft t r s and
hi
d
i
he aines
he e m

c to oft Sete nton Se e r9 ,2011 a whihtmea1Cls
ondiins he tlme
ptmbe
, t c i 1 as
m em ber w e e pr ded w ih an oppor t iy t be hea d;and
s r ovi
t
tm t o
r

W HEREAS,t Cour e ee a o de o Se e r 1 2011(he
he
t ntr d n r r n ptmbe 6,
t

ç na App ova Or r', wheei t Cour a o d t Sete nt
Ti l
r l de'
)
r n he
t ppr ve he tlme ,

fndi i er ala,t t Setl e w as f r r onabl and adequa e t
i ng, nt
i hat he tem nt
ai , eas
e
t o

t Se te ent Cl s and is m em ber and t t notce t t Setl m ent
he tl m
as
t
s
hat he i o he te
Cl s s tsfed t r r e s of Rul 23 of t Feder Rul of Ci l
as a i i he equiem nt
e
he
al es
vi
Pr
ocedur a due pr
e nd
ocess a
,
' nd
W HEREA S,i t s s e or ,t Cour aw ar counself Lead
n hi am
der he
t
ded
or

Pli if (te dCou e' atr ys fe i t a
antfs % a
ns l' to ne ' e s n he mountof$3. milo a
)
5 lin nd
r mbur m entofltgai expe es i t amountof$62, 54. Att s
ei
se
ii ton
ns n he
676.
hi
he
t s
r
he hr
tem
as
tm e, t Cour alo aw a ded each of t t ee Setl ent Cl s
i

Re es nt i a s rvi f i t a ountof$2,
pr e atves e ce ee n he m
500;
W HEREA S,t cl i s adm i s r t ,H efl r Radetc & Sait LLP
he a m
ni t a or
fe ,
ih
ta

(t- fe 'ort i amsAd nitaor),ha i ure a nitai fe
i l lr' he i i
lef
cl
mi srt ' s nc r d dmi sr ton e s
a expe esof$224, 88,whi r
nd
ns
346.
ch emai t bepai
ns o
d.
W HEREA S,af e t deducton of f a expens t e r ai
t r he
i
ees nd
es, her em ns

a r mael $1 ,53, 99 i t Sete ntFund (he t tSete nt
pp oxi t y 18 347. n he tlme
t t
Ne tlme
Fu 'ra f ditiuto a
nd' e dy or srb in; nd
)
W HEREA S,Lead Couns and H eflerhave now com pl ed al s e
el
t
et
l t ps
r r f t adm i s r i r e ,pr
equied or he
nit aton, evi w ocessng and valda i of cl m s
i
i ton
ai
s f h i t Setl e ,and have cal ul ed,pur uantt t t m s oft
et ort n he tem nt
c at
s
o he er
he
pl of aloca i s f t i t N otce of Pende
an
l ton et orh n he
i
ncy and Setl m ent of
te

Cls Aci (het tc ' a a o dbyt sCou tt n
a s ton t i ie' nd ppr ve
No )
hi
r,he umbe ofvai
r
ld
2

a com pl t Pr of Cl m f m s s it and t t al R ecogni d
nd
e e oof
ai or
ubm ted,
he ot
ze
Los f each A ut i Cl m ant and
s or
horzed ai
;

W H EREA S,Lea C ouns and H efl have r t t t s Cour i
d
el
ter
epored o hi
tn

t De lrto ofRo d A.Be tno,C. A.(he t l fl rRe l dae
he caain
nal
ri
P. t t e te pofl, td
l
N ovem be 28,201 on t adm i s r i r ew ,pr
r
2,
he
nit aton, evi
oces ng, valdaton
si
i i

and cal a i of cl m s,a ha pr de a fnalr
cul ton
ai
nd ve ovi d i
eportlsi a1 vald
i tng l i

a c ee cams a alrj ce cams wih t r a o f r e c
nd omplt li nd 1 ee td li , t he e s n o a h
rj cin' nd
ee to a
W H EREA S,Lead Pl ntf shave a i t t s Cour f appr
ai if
ppled o hi
t or
ovalof
t di ti i of t N e Se te ent Fund pur ua t t t r s and
he srbuton
he t tl m
s nt o he e m

condii oft Setl ent a
tons he tem ; nd
W H EREA S,Lead Pl ntf shave a i t t s Cour f appr
ai if
ppled o hi
t or
ovalof
pa e t H efl f om t N e Setl e Fund f f and expe es
ym nt o
fer r
he t tem nt
or ees
ns
i ur ed i connecton w ih s tem e adm i s r i and
nc r n
i
t etl nt
nit aton;
W H EREA S, t s Court has dul consder al t s i s ons
hi
y
i ed l he ubm s i
pr ent w ih r pec t t f egoi
es ed t es t o he or ng,
GO OD CA U SE APPEA RI G ,TH E C OU RT H EREBY O RDER S,
N
FI D S,CO N CLU DES,A D JUD GES AN D D ECM ES A S FOLLO W S:
N

The Cour fndst t pr
ti
hat he ocedur a m et
es nd
hods utlzed i t
ii
n he
adm i s r ton of t Setl ent a t r ew ,pr
nit a i
he tem
nd he evi
oces i valdaton and
sng, i i

3

cal a i of cl m s s
cul ton
ai ubm it by Cl m a s f l com pled w ih t notce
ted
ai nt uly
i
t he i

a
nd adm i sr i pr s ons a
nit aton ovi i
nd t Pl n of A dm i s r i a
he a
ni taton nd
D i ti i s f t i t N otce and asappr
s rbuton et orh n he
i
oved by t sCour i t Fi
hi
t n he nal
A ppr
ovalO r
der.
2.

The C our di ec s Lead Couns t pay al t xes ow ed by t
t r t
el o
la
he

N etSetl m entFund f om t N etSe tem entFund.
te
r he
tl
The Cour a oves paym ent of t out t ng bal
t ppr
he sandi
ance ow ed

t He te i t a o t of$ 346. f r f e a d e ns s i ur e i
o fl r n he m un
224, 88 o e s n xpe e nc r d n
t adm i sr ton pr s.Lead Couns i diect t pay s am ountt
he
nit a i
oces
el s r ed o
uch
o
H efle f om t N etSetl entFund.
t r r he
tem
4.

The Cour alow s a1 c pl e and vald cl m s t
t l
l om et
i
ai
hat ar
e

r er
ef enced i t H efl Repor,and diect paym e f om t pr
n he
fer
t
r s
nt r
he oceeds of
t N et Setl ent Fund, af e pa e of a1 adm i s r tve f and
he
tem
t r ym nt
1
ni t a i ees
expens alow ed her n and t
es l
ei
axes due or ow i t s
ng, o uch Aut i
hor zed

Cl m a s aspr de i t H ef l Re t
ai nt
ovi d n he
fer por .
The checks f dit i i t t A ut i Cl m ant s l
or s rbuton o he
horzed ai
s hal
bear t not i S SH PR OM PTLY .V O I 180 D A Y S A FTER I E
he aton t
CA
D
SSU
D ATE,'orw or ofs m iari por .
'
ds i l m t
6.

The Cour fndst t cl m s oft Cl s m e be s addr s
t i hat he ai
he as
m r
es ed

i t Hefl Reportt w e e det m i t be i i ha bee gi a
n he
fer
hat r
er ned o
nvald ve n ven

4

f i a d ras bl o t t t obe tt a o a lt rj ci o a1
ar n e ona e pporuniy o j c o nd/r ppea he ee ton f l
orpa oft r cl m s a diect t a1 cl m s det i t be i i ar
rt hei ai , nd r s hat l ai
erm ned o
nvald e

rj ce Suc Cl sme r wee prviusy a s d oft rj ci o
ee td. h as mbe s r e o l dvie
he ee ton f
t rcl m s a no f hernotce i r r
hei ai , nd
urt
i s equi ed.
7.

The Cour di ec s Lead Couns , t t
t r t
el oge her w ih H efle , t
t
t r o

contnue adm i s r ton of t s tl ent pur uant t t Setl ent t
i
ni t a i
he e tem
s
o he
tem , he
Fi A ppr
nal
ovalO r ,and t sO r .
der
hi der
8.

The Cour diect Lead Couns t ate ptt l e A ut i
t r s
el o t m o ocat
hor zed

Cl i ant w hos di t i i chec ar r tr
am s
e srbuton
ks e etz ned or r ai uncas
em n
hed by
t ephoni A ut i
el
ng
horzed Cl m ant at t num ber pr ded i t
ai
s
he
s ovi
n he
A ut i d Cl m a s' orgi cl m f m s i any,and, i s
horze
ai nt
i nal ai or , f
f uch cals a e
l r
uns
ucces ful i l i Aut i
s
n ocatng
hor zed Cl m a s t us ot r or na y a
ai nt , o e he di r nd

r ona e m ea t atem pt t l t A ut i Cl m a s, and, t t
eas bl
ns o t
o oca e
horzed ai nt
o he
ext Aut i Cl m ant a e l ed,Lead Cot s s l di ti e t
ent
hor zed ai
s r ocat
m el hal sr but o
t e A ut i Cl m ant w he e possbl and appr i e.
hos
horzed ai
s
r
i e
oprat
9.

The Court diect Lead Couns t r ai t bal nce of any
r s
el o et n he a

undit i ed fm ds i t Setl e Fund,t pr
srbut t
n he tem nt
he oceeds of a r tzned or
ny e tr
uncas
hed chec or any t r t ds t t m a be obt ne a any i er t
ks
ax efm
ha
y
ai d, nd
nt es

t r
he eon,i an accountorfm d aspr ded i t Setl entuntldi ti i
n
t
ovi n he tem
i s rbuton
i a horze pur ua t t sor and/ f t or oft s Cour .
s ut i d s nt o hi der
or urher der hi
t

5

1 Si ( mo hs a tr t i ta ditiuto of t Ne
0. x 6) nt fe he niil srb in
he t
Setl ent Fund,H efl r i diect afer pa ent of any unpai cos s or
tem
f e s r ed, t
ym
d
t
f i ur ed i adm i serng t N e Setl ent Fund,t r l e s
ees nc r n
nit i he t tem
o ealocat uch
bal nce am ong Aut i
a
hor zed Cl m ant on a pr r t bas s. Shoul a
ai
s
o aa
i
d ny

baa e r man sx ( )mont atra s h r ditiuton,orsx mo hs
lnc e i i 6
hs fe ny uc e srb i
i nt
afer t i tal di ti i i no s onda y di t i i oc s,H efl i
t he nii s rbuton f
ec
r s rbuton cur
ter s
diect t donat s r m ai ng f
r ed o
e uch e ni undst a chart e or educatonalentt
o
iabl
i
iy
t be desgnat by Lead Couns and a oved by couns f D ef ndant .
o
i ed
el
ppr
el or e
s
A 1 per ons i ve i t r e , valdaton, cal aton or
1 s
nvol d n he evi w
i i
cul i
any ot r as t of t pr
he pec
he oces i of t cl m s f l i t A cton, or
sng
he ai
ied n he
i

ot wi e i ved i t adm i sr i of t N et Se tem ent Fund, ar
her s nvol
n he
nit aton
he
tl
e
r eas and dichar
el ed
s ged f om a and a1 cl m s a i i out of s h
r
ny
1 ai
r s ng
uc
i vem e . A 1 Cl sm e ber ,w het rornott have s i t cl m s
nvol
nt l as m s
he
hey
ubm ted ai
or a e t r ve paym ent f om t N et Setl ent Fund a e ba r f om
r o ecei
r
he
tem
r
r ed r

m aki any f t cl m agai t t N et Setl ent Fund or t r eas
ng
urher ai
ns he
tem
he el ed
pe s beyond t am ountalocat t t
r ons
he
l ed o hem pur uantt t s Or .
s
o hi der
12. Lead C ouns a H efle ar a hor zed t di car pa
el nd
t r e ut i
o s d per or

har copi of t Pr of Cl m f m s and ot m at i s one year af e
d
es he oof
ai or
her er al
tr
t i taldit i i of t N et Setl entFund t elgi e cl m ant ,a
he nii s rbuton
he
tem
o i bl ai
s nd
el r c or m agne i m edi dat t ee year afert i taldit i i of
ectoni
tc
a a hr
s t he nii srbuton

6

t N e Setl e Fund t elgi e cl m ant
he t tem nt
o i bl ai
s.

13. Thi O r i fnalf pur es of a
s der s i
or pos
ppealand m ay be a
ppeal
ed
not ihs andi ot m a t s pr e l pendi a t Cl r i her
w t t ng her ter es nty
ng, nd he e k s eby

die td t e e j me t r on.Ce tfc to t e Rul 5 b) oft
r ce o ntr udg nt hee
riiain md r e 4(
he
Feder Rul of Ci l Pr
al es
vi ocedur w il not r ul i unneces r a l e
e l
es t n
sa y ppelat

r viw no wil r viw o t a j c td cams moot a f rhe
e e
r l e e f he d udiae li
ny ' t r
u
devel ent i t sA cton.Eve i s eque appeal ar fl t natze
opm s n hi
i
n f ubs
nt
s e ied, he tr
oft e cl m s i s t t a l t cour w oul nothave t deci t
hos ai s uch hat he ppela e
t
d
o
de he

s meis smo et n onc .Ther s r ain ofj idcin by t sCo ti
a sue r ha
e
e e v to
urs ito
hi ur n
t sm aterdoes notaf ecti any w ay t tnalt oft sO r .
hi
t
f n
he i iy hi der

1 Thi Co tc i st rti j iditon o rt s a ton i
4.
s ur ontnue o ean urs ci ve hi ci n
accor
dance w ih t Fi Appr
t he nal
ovalOr .
der

J0 >
I I SO ORDERED,t s
T S
hi

-

day of

,201 .
5

% 1
The H onor e W ila
abl li m

7

oevel r
e