Snitzer and Livant v. The Board of Trustees of the American Federation of Musicians and Employers’ Pension Fund, et al., No. 1:17-cv-05361-VEC

Welcome to the Settlement Website

This website has been established in order to make available to Class Members certain information about the class action Settlement in the lawsuit titled Snitzer and Livant v. The Board of Trustees of the American Federation of Musicians and Employers’ Pension Fund, et al., No. 1:17-cv-05361-VEC (the “Action”), brought in the U.S. District Court for the Southern District of New York.

Following the Fairness Hearing held on August 26, 2020, and after considering the positions and objections of the parties and objectors, the Court, by Order dated August 28, 2020, finally approved the Settlement Agreement – including a payment of about $18.3 million into the Plan – and dismissed the Action with prejudice. As reflected in paragraph 13 of the Final Approval Order, which can be found here, the Court also adopted the parties’ clarification of the release set out in the Settlement Agreement.

The Court also awarded: (i) Class Counsel $7,786,500 (29% of the Gross Settlement Amount) plus reimbursement of their reasonable expenses in the amount of $713,204.45, to be deducted from the Gross Settlement Amount; and (ii) Service Awards to the Class Representatives in the amount of $10,000 each, to be deducted from Class Counsel's Attorneys' Fees and Costs and not from the Gross Settlement Amount. A copy of the transcript of the Fairness Hearing can be found here

Once the time for any appeals has run or any such appeals have been rejected, the $18.3 million payment will be transferred to the Plan and the Plan Trustees will implement the Governance Provisions provided for by the Settlement. Class Members’ release of the Released Claims (as set forth in the Settlement Agreement and the Final Approval Order) will also go into effect when the Settlement becomes effective.

As a reminder, the Settlement Class includes all Participants and Beneficiaries of the American Federation of Musicians and Employers’ Pension Plan from August 9, 2010 through May 18, 2020. The fact that you are included in the Settlement Class does not mean that you are entitled to a Plan benefit now or in the future. It only means that you (or, if you are a beneficiary, the person who designated you) were a Plan Participant during the Class Period.

You can read the full Settlement Agreement, the Court's Order granting Final Approval of the Settlement, the Settlement Notice, and other relevant pleadings and documents on the Case Documents page of this website

Current Status

Following the Fairness Hearing held on August 26, 2020, and after considering the positions and objections of the parties and objectors, the Court, by Order dated August 28, 2020, finally approved the Settlement Agreement – including a payment of about $18.3 million into the Plan -- and dismissed the Action with prejudice. The Court also awarded: (i) Class Counsel $7,786,500 (29% of the Gross Settlement Amount) plus reimbursement of their reasonable expenses in the amount of $713,204.45, to be deducted from the Gross Settlement Amount; and (ii) Service Awards to the Class Representatives in the amount of $10,000 each, to be deducted from Class Counsel's Attorneys' Fees and Costs and not from the Gross Settlement Amount. A copy of the Order can be found here

PLEASE DO NOT TELEPHONE THE COURT, THE COURT CLERK’S OFFICE, OR THE FUND OFFICE TO INQUIRE ABOUT THIS SETTLEMENT.
CONTACT INFORMATION FOR LEAD CLASS COUNSEL IS AVAILABLE ON THE SETTLEMENT NOTICE.



For more information, contact Lead Plaintiffs’ Counsel at the number below.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT A COMMUNICATION FROM THE PLAN. FOR PLAN INFORMATION, PLEASE GO TO WWW.AFM-EPF.ORG.