City of Westland Police and Fire Retirement System v. Metlife, Inc. et al

Filing 429

ORDER APPROVING PLAN OF ALLOCATION: This matter having come before the Court on April 14, 2021, on Lead Plaintiffs motion for approval of the Plan of Allocation of the Settlement proceeds in the above-captioned action; the Court ha ving 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. This Order incorporates by reference the definitions in the Stipulation o f Settlement dated June 8, 2020 (the "Stipulation"), and all capitalized terms used, but not defined herein, shall have the same meanings as set forth in 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 Members of the Classes who could be identified with reasonable effort, advising them of the Pl an of Allocation and of their right to object thereto, and a full and fair opportunity was accorded to all persons and entities who are Members of the Classes to be heard with respect to the Plan of Allocation. 3. The Court finds and concludes that the formula for the calculation of the claims of Authorized Claimants which is set forth in the Notice of Proposed Settlement of Class Action (the "Notice") sent to Members of the Classes provides a fair and re asonable basis upon which to allocate the proceeds of the Net Settlement Fund established by the Stipulation among the Members of the Classes, with due consideration having been given to administrative convenience and necessity. 4. This Court finds and concludes that the Plan of Allocation, as set forth in the Notice, is, in all respects, fair and reasonable and the Court approves the Plan of Allocation. (Signed by Judge Lewis A. Kaplan on 4/14/2021) (mro)

Case 1:12-cv-00256-LAK Document 423 Filed 04/02/21 Page 1 of 5

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

DOC//; _____ _

DATE FUtD

---------------X
CITY OF WESTLAND POLICE AND FIRE
RETIREMENT SYSTEM, Individually and on :
Behalf of All Others Similarly Situated,
Plaintiff,
vs.
METLIFE INC., et al.,
Defendants .

---------------x

Civil Action No. l :12-cv-00256-LAK
CLASS ACTION

[Pitt iPI ISltf~1 ORDER APPROVING PLAN
OF ALLOCATION

Case 1:12-cv-00256-LAK Document 423 Filed 04/02/21 Page 2 of 5

This matter having come before the Court on April 14, 2021, on Lead Plaintiffs motion for
approval of the Plan of Allocation of the Settlement proceeds in the above-captioned action; the
Court having considered all papers filed and proceedings had herein and otherwise being fully
infonned in the premises;
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that:
1.

This Order incorporates by reference the definitions in the Stipulation of Settlement

dated June 8, 2020 (the "Stipulation"), and all capitalized terms used, but not defined herein, shall
have the same meanings as set forth in 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 Members of the Classes who could be identified with reasonable effort, 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 Members of the Classes to be heard with respect to the
Plan of Allocation.
3.

The Court finds and concludes that the formula for the calculation of the claims of

Authorized Claimants which is set forth in the Notice of Proposed Settlement of Class Action (the
"Notice") sent to Members of the Classes provides a fair and reasonable basis upon which to allocate
the proceeds of the Net Settlement Fund established by the Stipulation among the Members of the
Classes, with due consideration having been given to administrative convenience and necessity.

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Case 1:12-cv-00256-LAK Document 423 Filed 04/02/21 Page 3 of 5

4.

This Court finds and concludes that the Plan of Allocation, as set forth in the Notice,

IT IS SO ORDERED.
DATED:

A-pi:, \ Ii; C.o 2. /

THE HONO
LE S A.
LAN
UNITED STATES DISTRICT JUDGE

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