Common use of Media Communications Clause in Contracts

Media Communications. Except as required by the Settling Parties or in accordance with applicable law, rule, or regulation (e.g., securities law, rules, or regulations), or any other exception expressly provided herein, to avoid contradictory, incomplete, false or confusing information about the Settlement, the Parties, Class Members and their Counsel agree that if they intend to make any written press releases, disclosures on their websites, or statements to the media or on social media about or that reference the terms of the Settlement or the Litigation, unless such releases or statements are identical to statements contained in this Agreement or the Exhibits, such releases or statements must be approved in writing by all of the other Parties in advance and, where desired by any other Party, made jointly. Any Party may respond to inquiries initiated by the media, and in doing so may decline to comment, but otherwise shall only refer the inquiring entity to the Class Notice, a statement approved by the other Party, or other truthful statements already in the public domain. Nothing provided herein shall prevent the Parties or Class Members from communicating with immediate family members, accountants, investors, or lenders about the Settlement or the Litigation without prior approval.