In re: AXA Equitable Life Insurance Company

Filing 750

ORDER GRANTING CLASS COUNSEL'S MOTION TO AUTHORIZE ADDITIONAL STEPS TO ALLOCATE CLASS ACTION SETTLEMENT FUNDS granting 743 Motion re: 743 MOTION Class Counsel's Motion to Authorize Additional Steps to Allocate Class Action Set tlement Funds . IT IS HEREBY ORDERED THAT:1.For Final Class Policies in the Contract Class or the Illustration Class registered to two or more owners as reflected in AXA's records, JND shall distribute settlement funds pro rata among t hose owners as follows and as further set forth in this Order. For the 29 Final Class Policies in the Contract Class registered to Wells Fargo as securities intermediary where the policy is lapsed or matured and Wells Fargo has informed Class Counsel that Wells Fargo no longer maintains an open customer account for the policy, JND shall reissue Contract Class settlement checks to the last-known beneficial owner, as reflected in Wells Fargo's records provided to Class Counsel on March 20, 20 24.For the 14 Final Class Policies in the Illustration Class owned as of October 1 2015 by entities that are now dissolved or being liquidated, JND shall reissue Illustration Class settlement checks to the most recent registered owner as reflected in AXA's records and as further set forth in this Order. Policy No. 156207908 is a Final Class Policy in the Contract Class and is entitled to Policy No. 156207908 is a Final Class Policy in the Contract Class and is entitled to participate in all terms of the Settlement. JND shall issue a Contract Class settlement check in the appropriate pro rata share of the Net Settlement Fund to the policy's registered owner. The Clerk is directed to terminate ECF No. 743. (Signed by Judge Jesse M. Furman on 6/3/24) (yv) Modified on 6/3/2024 (yv). Modified on 6/3/2024 (yv).

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
IN RE:
AXA EQUITABLE LIFE INSURANCE
COMPANY COI LITIGATION

ECF CASE
No. 1:16-cv-00740 (JMF)
FILED UNDER SEAL

[This document relates to Brach Family Found,
Inc., et al. v. AXA Equitable Life Ins. Co., No.
16 Civ. 740 (JMF)]

[PROPOSED] ORDER GRANTING CLASS COUNSEL’S
MOTION TO AUTHORIZE ADDITIONAL STEPS TO
ALLOCATE CLASS ACTION SETTLEMENT FUNDS
WHEREAS, the Court has reviewed Class Counsel’s Motion to Authorize Additional
Steps to Allocate Class Action Settlement Funds, as well as the accompanying declaration, and
has found good cause for entering the following Order.
NOW, THEREFORE, IT IS HEREBY ORDERED THAT:
1. For Final Class Policies in the Contract Class or the Illustration Class registered to two or
more owners as reflected in AXA’s records, JND shall distribute settlement funds pro rata
among those owners as follows:
a. If, for a particular Contract Class policy, there are two (2) or more Contract Class
Members as reflected in AXA’s records as the most recent registered owners of a
policy, then the pro rata share of the Net Settlement Fund shall be divided equally
among each of those Contract Class Members for that policy.
b. If, for a particular Illustration Class policy, there are two (2) or more Illustration
Class Members as reflected in AXA’s records as the registered owners of a policy
1