Leonard et al v. John Hancock Life Insurance Company of New York et al

Filing 213

ORDER AWARDING FEES, EXPENSES, AND INCENTIVE AWARDS: NOW, THEREFORE, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED: 1. The capitalized terms used herein shall have the meanings set forth in the Settlement Agreement. 2. Class Counsel of Susman Godfrey shall receive attorneys' fees equal to $34,400,000, plus a pro rata share of the interest earned on the Settlement Fund at the same rate a11d for the same period as earned by the Settlement Fund, to be paid out of the Final Settlement Fund created by the Settlement. 3. Class Counsel shall be reimbursed $1,427,596.29 in costs and expenses reasonably incurred in the presentation and settlement of this litigation, to be paid out of the Final Settlement Fund created by the Sett lement. 4. The Settlement Administration Expenses less Publication Expenses through February 28, 2022 are $26,087.06. Under the terms of the Settlement Agreement, that $26,087.06 is payable out of the Final Settlement Fund. Any additional Settlement Administration Expenses may be paid out of the Final Settlement Fund as they become due and as allowed by the Court. 5. The Court shall entertain any supplemental application for reimbursement of future expenses incurred by Class Counsel on behalf of the Class. 6. Each of the Plaintiffs shall be paid an incentive award equal to $25,000, payable out of the Final Settlement Fund. 7. This Order shall become effective immediately. (Signed by Judge Alvin K. Hellerstein on 3/17/2022) (jca) Transmission to Finance Unit (Cashiers) for processing.