Fung v. Sunlight Financial Holdings Inc. — Entry #140: ORDER GRANTING DISTRIBUTION OF CLASS ACTION SETTLEMENT FUNDS: Motions terminated: 137 MOTION for Disbursement of Funds Motion for Distribution of Class Action…

Cas ewe _— a AY Hoan AGina = De Ant 9
Waist oV- LOGSS-ARP socuMeEeNnL Le PG AQE 2

Case 155,cM10668. AKH Document 1371 Filed 07/31/38 Page iof 3

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

MATTHEW MILLUNCHICK and MIKE Case No.: 1:22-cy-10658-AKH
MARGENT, Individually and on Behalf of
All Others Similarly Situated,

CLASS ACTION

Plaintiffs,
-against-

SUNLIGHT FINANCIAL HOLDINGS, INC.
f/k/a/ SPARTAN ACQUISITION CORP. II,
MATTHEW POTERE, BARRY
EDINBURG, RODNEY YODER,
GEOFFREY STRONG, JAMES CROSSEN,
OLIVIA WASSENAAR, WILSON
HANDLER, CHRISTINE HOMMES,
JOSEPH ROMEO, and SPARTAN
ACQUISITION SPONSOR IT LLC,

Defendants.

| ORDER GRANTING DISTRIBUTION OF CLASS ACTION
SETTLEMENT FUNDS

Having considered all materials and arguments submitted in support of Plaintiffs’ Motion
for Distribution of Class Action Settlement Fund (the “Motion”), including the Memorandum of
Law in Support of the Motion, and the Declaration of Margery Craig Concerning the Results of
the Claims Administration Process (the “Craig Declaration”),

NOW, THEREFORE, IT IS HEREBY ORDERED THAT:

1. The Motion is GRANTED.

2. This Class Distribution Order incorporates by reference the definitions in the
Stipulation of Settlement dated August 8, 2024 (the “Stipulation”) (ECF No. 113-4). All terms
not otherwise defined shall have the same meaning as set forth in the Stipulation or the Craig

Declaration.


on r AC ‘Q. A i Ie Se 3

on

ote re Ed A
~*~ * rae rmyrte
foe OCU SY nt ie at ¢

-, 4
oor :
We CRO ates Oot ten? AS KR LOC i

Case Se 59 ov t0658-AKH Document 137- 1 rie

X

407/313 Page 2 of3

3. As set forth in in the Craig Declaration, the administrative determinations of the
Claims Administrator, Strategic Claims Services (“SCS”), in accepting and rejecting Claims are
approved. Specifically, the administrative determinations of the Claims Administrator accepting
those Claims set forth in Exhibits B-1 and B-2 to the Craig Declaration are approved. Likewise,
the administrative determinations of the Claims Administrator rejecting those Claims set forth in
Exhibits D and E of the Craig Declaration are approved.

4, Any person submitting Claims received after January 17, 2025, and any responses
to rejected or deficient Claims received after July 28, 2025, the date used to finalize the
administration by SCS, are finally and forever barred from asserting such Claims.

5. The funds that are currently in the Net Settlement Fund (less any necessary
amounts to be withheld for payment of potential tax liabilities and related fees and expenses)
shall be distributed on a pro rata basis to the Authorized Claimants, identified in Exhibits B-1
and B-2 to the Craig Declaration. The funds shall be distributed pursuant to the Stipulation and
the Plan of Allocation of the Net Settlement Fund set forth in the Notice.

6, The distribution plan for the Net Settlement Fund as set forth in the Craig and
accompanying exhibits is approved. The balance of the Net Settlement Fund shall be distributed
to Authorized Claimants. The checks for distribution to Authorized Claimants shall bear the
notation “CASH PROMPTLY, VOID AND SUBJECT TO RE-DISTRIBUTION 90 DAYS
AFTER ISSUE DATE.” Lead Counsel and SCS are authorized to locate and/or contact any
Authorized Claimant who has not cashed his, her, or its check within said time. Authorized
Claimants who fail to negotiate a distribution check within the time allotted or consistent with
the terms outlined in the Craig Declaration will irrevocably forfeit all recovery from the

Settlement.


_ qe oy 4 ~ aA ween Wate Ne or + ~ or
ra a Roe TPT RS gtnn hk a Fa ry iH : oy Bes t rs a
Cas PO Le we Mig amt % } ; Pane 3 of
Lease Def CV Oss Sony AS KR LJOCUTTIGNY i4 ng Ped VU : ASD sb AS:

Case 1:22-cv-10658.AKH Document 137-1. Filed 07/31/25 Page 3 of 3

7. SCS shall submit periodic reports to the Court in accordance with the Court’s
Order Appointing Claims Administrator and Requiring Periodic Reports by Claims
Administrator CECF No. 115).

8. The Court finds that the administration of the Settlement and proposed
distribution of the Net Settlement Fund comply with the terms of the Stipulation and the Plan of
Allocation. All persons involved in the review, verification, calculation, tabulation, or any other
aspect of the processing of the Claims submitted herein, or otherwise involved in the
administration or taxation of the Settlement Fund or the Net Settlement Fund, are released and
discharged from any and all claims arising out of such involvement, and all Settlement Class
Members, whether or not they are to receive payment from the Net Settlement Fund, are barred
from making any further claim against the Net Settlement Fund or the released persons beyond
the amount allocated to them pursuant to this Order.

9. SCS is hereby ordered to discard paper or hard copies of claims and all supporting
documents no less than one year after distribution of the Net Settlement Fund, and electronic
copies of the same no less than | year after all funds in the Settlement Fund are distributed.

10. This Court retains jurisdiction over any further application or matter which may

arise in connection with this Action.

, 2025

pets ed States District Court judge