Judge: Michelle C. Kim, Case: 21STCV28883, Date: 2024-03-22 Tentative Ruling
Case Number: 21STCV28883 Hearing Date: March 22, 2024 Dept: 31
DEPT: | 31 |
HEARING DATE: | 03/22/2024 |
CASE NAME/NUMBER: | 21STCV28883 LORI THAYER, et al. vs ACCO ENGINEERED SYSTEMS, INC., et al. |
PETITION TO APPROVE COMPROMISE OF PENDING ACTION OF A MINOR | Corey Thayer, Age 16 |
RECOMMENDATION: | GRANT |
TENTATIVE¿
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The Court excuses the personal appearance of Claimant and the guardian ad litem. Counsel may appear by telephone or video conference call.¿
Plaintiffs have agreed to settle their claims against Defendants for the total amount of $770,000, with $154,000 being apportioned to Corey Thayer (“Claimant”). If the settlement is approved, $38,500 will be used for attorneys’ fees, and $15,634.09 will be used for costs. The net balance of $99,865.91 will be invested in a single-premium deferred annuity, subject to withdrawal only on authorization of the court.
The Court reviews the settlement and finds it fair and reasonable.¿The Court also finds the attorney’s fees fair and reasonable, in that it amounts to 25% of Claimant’s settlement. Based on the foregoing, the petition is GRANTED.
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The Court sets an Order to Show Cause Re: Compliance: Proof of Purchase of Annuity(ies) on____________________ IN DEPARTMENT SS-31 AT 8:30 AM.¿¿¿¿
Moving party is ordered to give notice.