In re: General Motors LLC Ignition Switch Litigation

Filing 393

SUPPLEMENTING ORDER GRANTING PRELIMINARY APPROVAL OF CLASS SETTLEMENT, DIRECTING NOTICE UNDER RULE 23(E), AND GRANTING RELATED RELIEF in case 1:14-cv-02458-JMF; granting (7888 in 14-md-2543) Motion for Settlement in case 1:14-md-02543-JMF. IT IS HEREBY ORDERED AS FOLLOWS: The Court hereby preliminarily approves the revised provisions of the Amended Settlement Agreement, including the amended Class Notice exhibits (Exhibits 5, 11, 12, 16 and 17), for substantially the same reasons as stated in the Preliminary Approval Order. At the time that the Court entered the Preliminary Approval Order, the Court had already been informed of the terms of the agreement-in-principle with the AAT and finds that the incorporation of those terms in the Amended Settlement Agreement does not alter any of its previous findings. The Clerk of Court is directed to terminate ECF No. 7888. IT IS SO ORDERED. (Signed by Judge Jesse M. Furman on 5/4/20) (yv)

Case 1:14-mc-02543-JMF Document 393 Filed 05/04/20 Page 1 of 2

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

IN RE:

No. 14-MD-2543 (JMF)
No. 14-MC-2543 (JMF)

GENERAL MOTORS LLC IGNITION
SWITCH LITIGATION

This Document Relates to:
ALL ECONOMIC LOSS ACTIONS

ORDER SUPPLEMENTING ORDER GRANTING PRELIMINARY APPROVAL OF
CLASS SETTLEMENT, DIRECTING NOTICE UNDER RULE 23(E), AND GRANTING
RELATED RELIEF
Before the Court is the Parties’ Joint Motion for Entry of an Order Supplementing Order
Granting Preliminary Approval of Class Settlement, Directing Notice Under Rule 23(e) and Granting
Related Relief (the “Motion”), brought pursuant to Rule 23 of the Federal Rules of Civil Procedure.1
WHEREAS, Economic Loss Plaintiffs (“Plaintiffs”), General Motors LLC (“New GM”), and
the Motors Liquidation Company GUC Trust (the “GUC Trust”) (collectively, the “Original Parties”)
have entered into a Settlement Agreement (the “Settlement Agreement”) subject to preliminary and
final approval by this Court.
WHEREAS, the Settlement Agreement included certain provisions related to the Motors
Liquidation Company Avoidance Action Trust (the “AAT”), including as to how the Settlement
would be amended if the Original Parties reached an agreement with the AAT.
WHEREAS, the Original Parties and the AAT reached an agreement-in-principle with respect
to disputes related to the AAT on April 22, 2020.

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Capitalized terms used herein but not otherwise defined shall have the meaning assigned to such terms in the Settlement
Agreement.

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Case 1:14-mc-02543-JMF Document 393 Filed 05/04/20 Page 2 of 2

WHEREAS, on April 27, 2020, the Court entered an Order Granting Preliminary Approval of
Class Settlement, Directing Notice Under Rule 23(e) and Granting Related Relief (“Preliminary
Approval Order”) directing the Parties to file an amended Settlement Agreement incorporating the
AAT as a Party.
WHEREAS, the Original Parties and the AAT (collectively, the “Parties”) have now entered
into the Settlement Agreement, as Amended on May 1, 2020 (“Amended Settlement Agreement”),
which incorporates the AAT as a Party.
WHEREAS, on May 1, 2020, the Parties filed the Motion, which sought entry of an Order
supplementing the Preliminary Approval Order, in order to obtain Court approval of the Amended
Settlement Agreement.
IT IS HEREBY ORDERED AS FOLLOWS:
The Court hereby preliminarily approves the revised provisions of the Amended Settlement
Agreement, including the amended Class Notice exhibits (Exhibits 5, 11, 12, 16 and 17), for
substantially the same reasons as stated in the Preliminary Approval Order. At the time that the Court
entered the Preliminary Approval Order, the Court had already been informed of the terms of the
agreement-in-principle with the AAT and finds that the incorporation of those terms in the Amended
Settlement Agreement does not alter any of its previous findings.
The Clerk of Court is directed to terminate ECF No. 7888.
IT IS SO ORDERED.

Dated: May 4, 2020
HONORABLE JESSE M. FURMAN
UNITED STATES DISTRICT COURT JUDGE

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