21CV378054 C2 Skincare, Inc. et al vs Clarissa Shetler et al Motion by Joint Stipulation for Application to Court for
Approval of Settlement Agreement of Shareholder Derivative
Suit.
This Court will APPROVE the settlement. This Court finds that
the settlement is presumptively fair since the settlement is
reached through arm’s-length bargaining; investigation and
discovery are sufficient to allow Counsel and the Court to act
intelligently; Counsel is experienced in similar litigation; and the
percentage of objections is small. (Dunk v. Ford Motor Co.
(1996) 48 Cal. App. 4th 1794, 1802.)
Counsel should submit a proposed order to this Department via
the e-filing queue for execution.
NO FORMAL TENTATIVE RULING.
Hearing Date
March 08, 2024
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21CV378054 C2 Skincare, Inc. et al vs Clarissa Shetler et al Motion by Joint Stipulation for Application to Court for
Approval of Settlement Agreement of Shareholder Derivative
Suit.
This Court will APPROVE the settlement. This Court finds that
the settlement is presumptively fair since the settlement is
reached through arm’s-length bargaining; investigation and
discovery are sufficient to allow Counsel and the Court to act
intelligently; Counsel is experienced in similar litigation; and the
percentage of objections is small. (Dunk v. Ford Motor Co.
(1996) 48 Cal. App. 4th 1794, 1802.)
Counsel should submit a proposed order to this Department via
the e-filing queue for execution.
NO FORMAL TENTATIVE RULING.