Class Counsel’s Fees Sample Clauses
The 'Class Counsel’s Fees' clause defines how and when the attorneys representing the class in a class action lawsuit will be compensated for their services. Typically, this clause outlines the method for calculating the fees—such as a percentage of the settlement fund or a court-approved amount—and may specify whether the fees are paid separately by the defendant or deducted from the total settlement. Its core function is to ensure transparency and fairness in the allocation of legal fees, preventing disputes over compensation and clarifying financial obligations for all parties involved.
Class Counsel’s Fees. Class counsel have moved for an award of attorney fees and reimbursement of expenses. Pursuant to Rules 23(h)(3) and 54(d) of the Federal Rules of Civil Procedure, and pursuant to the factors for assessing the reasonableness of a class action fee request as set forth in ▇▇▇▇▇▇ ▇. Ridgewood Energy Corp., 223 ▇.▇▇ ▇▇▇, ▇▇▇ ▇.▇ (▇▇ ▇▇▇. 2000), this Court makes the following findings of fact and conclusions of law:
a) The Settlement confers a monetary benefit on the Class that is substantial when assessed in light of the risks of establishing liability and damages in this case;
b) There were objections by Class members to the requested fee award and such objections are overruled;
c) Class Counsel have effectively and efficiently prosecuted this difficult and complex class action on behalf of the members of the Class, with no guarantee they would be compensated;
d) Class counsel undertook numerous and significant risks of nonpayment in connection with the prosecution of this action;
e) Class Counsel have reasonably expended over _ hours and incurred substantial out of pocket expenses in prosecuting this action, with no guarantee of recovery;
f) The Settlement achieved for the benefit of the Class was obtained as a direct result of Class Counsel’s skillful advocacy;
g) The Settlement was reached following negotiations held in good faith and in the absence of collusion;
h) Class members were advised in the Notice, which notice was approved by this Court, that Class Counsel intended to move for an award of attorney fees, costs and expenses in an amount up to $15,000,000.00, which would be paid by Comcast, separate and apart from the benefits to Class members;
i) Class counsel did, in fact, move for an award of attorney fees, costs, and expenses in the amount of $15,000,000.00, which motion has been on the docket and publicly available since _;
j) As detailed in Class Counsel’s motion, an award of $15,000,000.00 equates to approximately % of the total aggregate value of the settlement;
k) In light of the factors and findings described above, the requested fee award is within the applicable range of reasonable awards.
Class Counsel’s Fees. Costs, and Expenses
8.1. Fee, Cost, and Expense Award. Class Counsel will file a motion with the Court seeking a portion of the Settlement Fund as payment of their reasonable attorneys’ fees, as well as reimbursement of actual costs and expenses, including experts and consultants, incurred in connection with prosecuting this Action. Google expressly reserves the right to oppose the motion seeking a Fee, Cost, and Expense Award for any reason, at its discretion.
Class Counsel’s Fees. As an integral part of this Agreement, ▇▇▇▇ agrees to pay the agreed-upon attorneys' fees and expenses to Class Counsel separate from and in addition to the Compensation to the Class Members. ▇▇▇▇ agrees to pay directly to Class Counsel the amount of $197,500 CAD plus GST and QST (calculated at the date of the payment) as Class Counsel Fees, plus $2,500 for disbursements and expenses, and the Parties hereby confirm that the same are fair, reasonable and appropriate in the present circumstances. The approved Class Counsel Fees will be paid by IKEA to Class Counsel within ten (10) days after the Effective Date by way of cheque, bank draft, or wire transfer made payable to LPC Avocats Inc.
Class Counsel’s Fees. “Class Counsel’s Fees” means the total amount of Class Counsel’s attorney’s fees to be approved by the Court upon application by Class Counsel, in an amount not to exceed one-third of the Gross Settlement Sum, which amount is to be paid from, and is included in, the Gross Settlement Sum. Defendants agree not to oppose any fee application for an amount up to and including one-third of the Gross Settlement Sum, but reserve the right to object to any fee application in excess of that amount.
Class Counsel’s Fees. Class Counsel Fees correspond to 30% of the Settlement Amount ($28,667.16 plus GST and QST) plus $2,500.00 (inclusive of taxes) for disbursements and fees, which amount includes all disbursements and fees, or any lesser amount ordered by the Court. For clarity, Class Counsel Fees are to be deducted from the Settlement Amount, not paid in addition to it by Defendants. Class Counsel will seek approval from the Court of the Class Counsel Fees.
Class Counsel’s Fees. 9.1 Subject to Court approval, the Defendants agree to pay Class Counsel’s Fees in the amount of $231,000, plus GST and QST of $34,592.25, for a total of $265,592.25, which forms part of the Settlement Amount. Defendants shall take no position with regards to the approval of the Class Counsel’s Fees described herein during the Approval Hearing, other than that it has agreed to pay them up to the stipulated amount and that the Agreement is fair, reasonable, adequate, and is in the best interest of the Parties and the Class.
9.2 During the Approval Hearing, Class Counsel will make representations before the Court to obtain approval of the Class Counsel’s Fees, which includes all taxes, legal fees, extrajudicial costs and disbursements incurred up to the date of the Final Judgment Approving Settlement.
9.3 No later than thirty (30) Days before the Effective Date, Class Counsel will provide the Defendants with a letter to the attention of Maplebear’s Counsel, confirming the amount of Class Counsel’s Fees approved by the Court, to be paid by the Defendants to Class Counsel as legal fees and extrajudicial costs in this matter, along with separately itemized amounts for GST and QST, confirming valid GST and QST numbers, and confirming the ACH transfer/payment information (a bank fee of $17.50 is to be added to any amount sent by way of wire transfer).
9.4 Within fifteen (15) Days of the Effective Date, the Defendants will pay to Class Counsel the amount of Class Counsel’s Fees if and as approved by the Court in the Final Judgment Approving Settlement.
9.5 In consideration for the payment of the Class Counsel’s Fees, as decided by the Court, Class Counsel will not claim any other fee or disbursement from the Defendants or from the Class Members.
Class Counsel’s Fees. The Settling Defendants agree to jointly and severally pay fees to Class Counsel in the amount of one million two hundred and fifty thousand dollars ($1,250,000.00), plus applicable taxes. On same business day as the present Settlement Agreement is signed, the Settling Defendants will deposit one million two hundred and fifty thousand dollars ($1,250,000.00), plus applicable taxes, into a dedicated and separately identifiable interest-bearing trust account held by Settling Defendants’ Counsel at a recognized Canadian banking institution. Within five business days of such deposit, Settling Defendants’ Counsel will provide Class Counsel with notice of such deposit. Once the Approval Order becomes Final, Settling Defendants’ Counsel will remit the deposit of one million two hundred and fifty thousand dollars ($1,250,000.00), plus applicable taxes and all interest accumulated on these amounts to Class Counsel. In the event this Settlement Agreement is not finally approved, the deposited funds and all interest thereon shall be returned no more than five (5) days later to the Settling Defendants.
Class Counsel’s Fees. The amounts approved by the Court for Class 24 Counsel's fees shall be paid by the Claims Administrator within twenty (20) calendar days 25 after the Final Effective Date and the Claims Administrator shall pay the total attorney’s fee 26 award to Class Counsel.
Class Counsel’s Fees. Class Counsel have moved for an award of attorneys’ fees and reimbursement of expenses. Pursuant to Federal Rules of Civil Procedure 23(h)(3) and 54(d)(2), and pursuant to the factors for assessing the reasonableness of a class action fee request as set forth in ▇▇▇▇▇▇ ▇. Ridgewood Energy Corp., 223 F.3d 190, 195 n.1 (3d Cir. 2000) and In re Prudential Ins. Co. of America Sales Practice Litig., 148 F.3d 283, 340 (3d Cir. 1998), and for the reasons set forth in Plaintiffs’ Motion for Attorneys’ Fees and Costs and on the record, Class Counsel are awarded attorneys’ fees, costs, and expenses in the amount of . The Court finds this award to be fair and reasonable. The awarded fees and expenses shall be paid to Class Counsel in accordance with the terms of the Settlement Agreement. Class Lead Counsel shall allocate the fees and expenses amount among the Class Counsel in its discretion.