S.B. et al v. United States Of America et al

Filing 93

ORDER APPROVING THE SETTLEMENT ON BEHALF OF A MINOR: IT IS THEREFORE ORDERED, ADJUDGED, AND DECREED that the settlement, as set forth herein and in Exhibits A and B, is hereby approved. It is further ordered that Dorothy Woods, as mother and natural guardian of S.B., is appointed as guardian of the property of S.B., a minor, for purposes of receiving funds on her behalf under the Stipulation and this Order pursuant to N.Y. C.P.L.R. § 1206. It is further ordered that Dorothy Woods is authori zed and required to sign the Stipulation, the Reversionary Trust, and any other documents that are necessary to consummate this settlement, and to provide any information and documentation necessary for the purchase of the annuity contracts and the e stablishment of the Reversionary Trust, on behalf of S.B., a minor. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the settlement amount of Five Million Dollars and No Cents ($5,000,000.00) (hereinafter "Settlement Amount") shall be distributed according to the terms and conditions of the Stipulation and the Supplemental Compromise Order Approving the Settlement and the Distribution of the Settlement Funds on Behalf of a Minor. With respect to the settlement check of Two Millio n One Hundred Twenty Five Thousand Dollars and No Cents ($2,125,000.00) that will be made payable to S.B., a minor, and Dorothy Woods, pursuant to Paragraph 3.a.(1) of the Stipulation, the Court hereby orders Dorothy Woods, individually and on b ehalf of S.B., a minor, to endorse said check over to their attorneys to be deposited by the attorneys into their client trust account to be used to pay the attorneys' fees, costs, and expenses herein approved and to pay any lien or claim for re imbursement as required by the Stipulation, as further set forth in this order. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, upon the Court's approval of the Stipulation and dismissal of this action with prejudice pursuant to the terms of the Stipulation, the Court shall not retain jurisdiction over the action against the United States or the settlement. (Signed by Judge Cathy Seibel on 5/3/2020) (jwh)