Benjamin L Padnos v. Xiqun Yu et al
| Benjamin L Padnos |
| Xiqun Yu, Liansheng Zhang, Yizhao Zhang, China Education Alliance Inc, James Hsu, Susan Liu, Chanqing Wang and Zibing Pan |
| 2:2011cv08973 |
| October 28, 2011 |
| US District Court for the Central District of California |
| Jacqueline Chooljian |
| Christina A. Snyder |
| Stockholders Suits |
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Filing
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ORDER & FINAL JUDGMENT by Judge Christina A. Snyder: It is ORDERED, ADJUDGED AND DECREED that: this Court hereby approves the Settlement as fair, reasonable, adequate and in the best interests of China Education Alliance, Inc. and its shareholders, a nd the Settling Parties are directed to consummate the terms of the Settlement in accordance with the terms of the Stipulation. The Court hereby approves the Fee and Expense Award in the amount of $250,000.00 in accordance with the Stipulation, and finds that the Fee and Expense Award is fair and reasonable. The Court hereby approves the Incentive Award of $3,000.00 for the Plaintiff to be paid from the total Fee and Expense Award before distribution among Plaintiff's Counsel. The Action and all claims asserted therein are hereby dismissed with prejudice. See document for details. (MD JS-6, Case Terminated). (gk)
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