RONALD M. WHYTE
[] ORDER GRANTING APPLICATION FOR AN ORDER
AUTHORIZING CY PRES DISTRIBUTION
Having considered the papers filed by the Lead Plaintiff Parnassus Fund and the Parnassus Equity Income Fund ("Lead Plaintiff") for an Order Authorizing Cy Pres Distribution to The Institute for Law & Economic Policy; it further appearing to the Court that $18,693.90 in outstanding uncashed expired eligible claimant checks remains in the Net Settlement Fund; and for good cause shown,
IT IS HEREBY ORDERED:
(1) Lead Plaintiff's Application for an Order Authorizing Cy Pres Distribution is GRANTED.
(2) The Court authorizes Lead Plaintiff's counsel to distribute $18,693.90 of settlement funds to The Institute for Law & Economic Policy.
(3) This distribution of settlement funds is made pursuant to the inherent authority of the Court and consent of the parties, specifically pursuant to the Stipulation of Settlement (ECF No. 274) reached in this case.
(4) Pursuant to the Court's December 21, 2009, Order re: Distribution of Class Settlement Fund (ECF No. 319), the Claims Administrator shall distribute the remaining funds to The Institute for Law & Economic Policy.
(5) Providing no further adjustments must be made to the accounting, then after ninety days (a) the settlement administration will be terminated; and (b) Lead Plaintiff, Lead Counsel and the Claims Administrator will be discharged from any further duties in connection with the administration of the settlement fund.
IT IS SO ORDERED.
HON. RONALD M. WHYTE
UNITED STATES DISTRICT COURT JUDGE
Submitted by:
Joseph J. Tabacco, Jr.
Christopher T. Heffelfinger
Nicole Lavallee
BERMAN DEVALERIO
Liaison Counsel for Lead Plaintiff and the Class
Steven J. Toll
COHEN MILSTEIN SELLERS & TOLL PLLC
Lead Counsel for Lead Plaintiff and the Class