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In re Merit Medical Systems, Inc. Securities Litigation" — Entry #121: NOTICE OF MOTION AND MOTION for Disbursement of Funds Claims administration is complete

Case: In re Merit Medical Systems, Inc. Securities Litigation" cacd · 8:19-cv-02326

filed December 03, 2019

What this document is

Docket entry #121 · filed November 29, 2022

NOTICE OF MOTION AND MOTION for Disbursement of Funds Claims administration is complete. [Unopposed Motion for Approval of Distribution Plan] filed by Plaintiffs City of Atlanta Firefighters Pension Fund, City of Atlanta Police Officers Pension Fund, Employees Retirement System of the City of Baton Rouge and Parish of East Baton Rouge. Motion set for hearing on 1/9/2023 at 08:30 AM before Judge David O. Carter. (Attachments: # 1 Proposed Order) (Uslaner, Jonathan) (Entered: 11/29/2022)

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Case 8:19-cv-02326-DOC-ADS      Document 121      Filed 11/29/22   Page 1 of 4 Page ID
                                          #:2014


 1     SAXENA WHITE P.A.
       David R. Kaplan (SBN 230144)
 2
       dkaplan@saxenawhite.com
 3     505 Lomas Santa Fe Drive, Suite 180
       Solana Beach, CA 92075
 4     Telephone: (858) 997-0860
 5
       Attorneys for Lead Plaintiffs the Atlanta
 6     Funds and Co-Lead Counsel for the
       Proposed Settlement Class
 7
 8     BERNSTEIN LITOWITZ BERGER
       & GROSSMANN LLP
 9     Jonathan D. Uslaner (SBN 256898)
10     jonathanu@blbglaw.com
       2121 Avenue of the Stars, Suite 2575
11     Los Angeles, CA 90067
       Telephone: (310) 819-3470
12
13     Attorneys for Lead Plaintiff Baton
       Rouge and Co-Lead Counsel for the
14     Proposed Settlement Class
15
       [Additional counsel appear on signature
16     page]
                          UNITED STATES DISTRICT COURT
17
                        CENTRAL DISTRICT OF CALIFORNIA
18                                SOUTHERN DIVISION
19
       IN RE MERIT MEDICAL SYSTEMS,                Case No. 8:19-cv-2326-DOC-ADS
20     INC. SECURITIES LITIGATION
                                                   NOTICE OF MOTION AND
21
                                                   UNOPPOSED MOTION FOR
22                                                 APPROVAL OF DISTRIBUTION
                                                   PLAN
23
24                                                 Judge:     Hon. David O. Carter
                                                   Courtroom: 10A
25                                                 Date:      January 9, 2023
26                                                 Time:      8:30 a.m.
27
28
                                                        NOTICE AND MOTION FOR APPROVAL OF
                                                                          DISTRIBUTION PLAN
                                                            CASE NO. 8:19-cv-2236-DOC-ADS


     Case 8:19-cv-02326-DOC-ADS       Document 121      Filed 11/29/22   Page 2 of 4 Page ID
                                           #:2015


 1    TO: THE COURT, ALL PARTIES, AND THEIR ATTORNEYS OF RECORD:
 2          PLEASE TAKE NOTICE that Court-appointed Lead Plaintiffs City of
 3    Atlanta Police Pension Fund and City of Atlanta Firefighters’ Pension Fund
 4    (collectively, the “Atlanta Funds”) and the Employees’ Retirement System of the
 5    City of Baton Rouge and Parish of East Baton Rouge (“Baton Rouge” and, together
 6    with the Atlanta Funds, the “Lead Plaintiffs”) hereby move the Court, pursuant to
 7    Rule 23(e) of the Federal Rules of Civil Procedure and this Court’s Order Approving
 8    Plan of Allocation of Net Settlement Fund (ECF No. 117) and Judgment Approving
 9    Class Action Settlement (ECF No. 119), for entry of the accompanying [Proposed]
10    Order Approving Distribution Plan (“Class Distribution Order”) that will, among
11    other things: (1) approve the administrative determinations of A.B. Data accepting
12    and rejecting Claims submitted in connection with the Settlement reached in the
13    above-captioned Action; (2) direct the distribution of the Net Settlement Fund to
14    Claimants whose Claims are accepted by A.B. Data as valid and approved by the
15    Court (“Authorized Claimants”), while maintaining a Reserve for any tax liability
16    or claims administration-related contingencies that may arise; (3) direct that
17    distribution checks state that the check must be cashed within ninety (90) days after
18    the issue date; (4) direct that Authorized Claimants will forfeit all recovery from the
19    Settlement if they fail to cash their distribution checks in a timely manner; (5)
20    approve the recommended plan for any funds remaining after the distribution; (6)
21    approve A.B. Data’s fees and expenses incurred and estimated to be incurred in the
22    administration of the Settlement; (7) release claims related to the administration
23    process; and (8) authorize the destruction of Claim Forms and supporting documents
24    at an appropriate time.
25          Pursuant to Local Rule 7-3, this motion is made following the conference of
26    counsel on November 22, 2022, and as set forth in the Stipulation of Settlement,
27    Defendants have no interest in the relief sought by this motion. Defendants do not
28    oppose this motion.
                                                -1-      NOTICE AND MOTION FOR APPROVAL OF
                                                                           DISTRIBUTION PLAN
                                                             CASE NO. 8:19-cv-2236-DOC-ADS


     Case 8:19-cv-02326-DOC-ADS        Document 121    Filed 11/29/22   Page 3 of 4 Page ID
                                            #:2016


 1             This Motion is set for hearing on January 9, 2023, at 8:30 a.m., before the
 2    Honorable David O. Carter of the United States District Court for the Central District
 3    of California, Courtroom 10A of the Ronald Regan Federal Building and United
 4    States Courthouse, 411 West Fourth Street, Santa Ana, CA 92701. However, there
 5    are no disputed Claims by any Settlement Class Member requiring Court review,
 6    and Lead Counsel respectfully submit that the motion is ripe for consideration by
 7    the Court and may be decided on the papers.
 8             This Motion is based upon the accompanying Memorandum of Points and
 9    Authorities in Support of Unopposed Motion for of Approval of Distribution Plan,
10    submitted herewith; the Declaration of Eric J. Miller in Support of Unopposed
11    Motion for Approval of Distribution Plan (“Miller Declaration”) submitted on behalf
12    of the Court-approved Claims Administrator, A.B. Data, Ltd.’s Class Action
13    Administration Company (“A.B. Data”) and the exhibits thereto; all pleadings and
14    papers filed herein; arguments of counsel; and any other matters properly before the
15    Court.
16             Attached hereto as Exhibit 1 is a copy of the proposed Order Approving
17    Distribution Plan.
18
      Dated: November 29, 2022             Respectfully submitted,
19
20                                         SAXENA WHITE P.A.
21
                                           /s/ David R. Kaplan
22                                         David R. Kaplan (SBN 230144)
                                           dkaplan@saxenawhite.com
23
                                           Hani Y. Farah (SBN 307622)
24                                         hfarah@saxenawhite.com
25                                         505 Lomas Santa Fe Drive, Suite 180
                                           Solana Beach, CA 92075
26                                         Telephone: (858) 997-0860
27                                         Facsimile: (858) 369-0096

28                                         -and-
                                                -2-     NOTICE AND MOTION FOR APPROVAL OF
                                                                          DISTRIBUTION PLAN
                                                            CASE NO. 8:19-cv-2236-DOC-ADS


     Case 8:19-cv-02326-DOC-ADS   Document 121   Filed 11/29/22   Page 4 of 4 Page ID
                                       #:2017


 1
                                      Steven B. Singer (pro hac vice)
 2
                                      ssinger@saxenawhite.com
 3                                    10 Bank Street, 8th Floor
                                      White Plains, NY 10606
 4
                                      Tel: (914) 437-8551
 5                                    Fax: (888) 631-3611
 6
                                      Attorneys for Lead Plaintiffs the Atlanta
 7                                    Funds and Co-Lead Counsel for the Proposed
 8                                    Settlement Class

 9                                    BERNSTEIN LITOWITZ BERGER
10                                     & GROSSMANN LLP

11                                    /s/ Jonathan D. Uslaner
12                                    Jonathan D. Uslaner (Bar No. 256898)
                                      jonathanu@blbglaw.com
13                                    Lauren M. Cruz (Bar No. 299964)
14                                    lauren.cruz@blbglaw.com
                                      2121 Avenue of the Stars, Suite 2575
15                                    Los Angeles, CA 90067
16                                    Telephone: (310) 819-3470

17                                    -and-
18
                                      John J. Rizio-Hamilton (pro hac vice)
19                                    johnr@blbglaw.com
20                                    1251 Avenue of the Americas
                                      New York, New York 10020
21                                    Telephone: (212) 554-1400
22                                    Facsimile: (212) 554-1444

23                                    Attorneys for Lead Plaintiff Baton Rouge and
24                                    Co-Lead Counsel for the Proposed Settlement
                                      Class
25
26
27
28
                                           -3-    NOTICE AND MOTION FOR APPROVAL OF
                                                                    DISTRIBUTION PLAN
                                                      CASE NO. 8:19-cv-2236-DOC-ADS