Notice and Class Representatives’ Compensation Sample Clauses

Notice and Class Representatives’ Compensation. The costs to administer the proposed Settlement and incentive payments in an amount ap- proved by the court for the named Plaintiffs will be paid from the Settlement Fund. Plaintiffs will solicit proposals from candidates to serve as Independent Fiduciary and Settlement Administrator. Based on Plaintiffs’ experience, they estimate the Settlement Administrator, in its limited role, will charge approximately $5,000 to administer the Settlement, and the Independent Fiduciary will charge approximately $10,000-$15,000. Plaintiffs will seek incentive awards of $2,500 for each named Plaintiff. This is consistent with precedent recognizing the value of individuals stepping forward to represent a class, particularly in contested litigation like this where the potential benefit to any individual does not outweigh the cost of prosecuting class-wide claims and there are significant risks of no recovery.
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Related to Notice and Class Representatives’ Compensation

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