Butler, III et al v. Unified Life Insurance Company et al

Filing 434

ORDER granting 433 Motion for Disbursement of Funds Signed by Judge Susan P. Watters on 10/4/2022. (copy Order to MTD_Finance) (EMH)

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF MONTANA
BILLINGS DIVISION

CHARLES M.BUTLER,III,

Cause No. CV-17-50-SPW-TJC

Plaintiffs,
ORDER GRANTING JOINT

UNOPPOSED MOTION FOR CY

V.

PRES DISTRIBUTION OF
UNIFIED LIFE INSURANCE

REMAINDER FUNDS

COMPANY,
Defendant.

Before the Court is the Parties' Joint Unopposed Motion for Cy Pres
Distribution of Remainder Funds(Doc. 433). The Motion sets forth the factual
history ofthe distribution. The Parties, through the settlement administrator, have

issued checks to all Class Members, sent out a reminder notice prior to the
expiration ofthe checks, then allowed an additional 30 days for late checks to be
cashed.

In all, 18,136 checks were cashed with Class Members receiving
$4,282,427.72. Now,$1,419,612.62 remains in the Qualified Settlement Fund due

to roughly 10,000 uncashed checks. Those that did not cash checks were given
post card reminders and a grace period, which has now expired.
"Most class actions result in some unclaimed funds," and the Court has

"broad discretionary powers in shaping equitable decrees for distributing
1