Lipton v. Mclean et al
ORDER granting 73 Motion for Indicative Ruling Regarding Preliminary Approval of Settlement. Signed by Honorable Mary Geiger Lewis on 8/17/2017.(abuc)
UNITED STATES DISTRICT COURT
DISTRICT OF SOUTH CAROLINA
IN RE WORLD ACCEPTANCE
Lead Case No. 6:15-cv-02796-MGL
ORDER GRANTING JOINT MOTION
FOR INDICATIVE RULING
APPROVAL OF SETTLEMENT
This Document Relates To:
This matter came before the Court upon the joint motion of the parties pursuant to Fed. R.
Civ. P. 62.1. The parties jointly request an indicative ruling from this Court that, upon limited
remand from the 4th Circuit Court of Appeals, this Court will grant preliminary approval of the
proposed settlement of this putative shareholder derivative action pursuant to Fed. R. Civ.
P. 23.1(c), and schedule a final approval hearing after notice to the shareholders.
considered the joint motion, and the motion for preliminary approval of the settlement filed
concurrently therewith, the Court is of the opinion, and so finds, that if the case is remanded to it
by the 4th Circuit Court of Appeals, it will grant the relief requested.
IT IS SO ORDERED.
Signed this 17th day of August, 2017, in Columbia, South Carolina.
s/ Mary Geiger Lewis
MARY GEIGER LEWIS
UNITED STATES DISTRICT JUDGE
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