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)

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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 รง 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

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