Statement of Plaintiff Recovery Sample Clauses

Statement of Plaintiff Recovery. Pursuant to the proposed Settlement described herein, a Settlement Fund consisting of $41.5 million in cash, plus interest, has been established. Lead Plaintiffs estimate that there were approximately 297.7 million shares of WMI common stock traded during the Class Period which may have been damaged. Lead Plaintiffs estimate that the average recovery per damaged share of WMI common stock under the Settlement is approximately $0.14 per damaged share2 before deduction of Court-awarded attorneys’ fees and expenses. A Class Member’s actual recovery will be a proportion of the Net Settlement Fund determined by that claimant’s Recognized Claim as compared to the total Recognized Claims of all Class Members who submit acceptable Proofs of Claim. Depending on the number of Proofs of Claim submitted, when during the Class Period a Class Member purchased shares of WMI common stock, the purchase price paid, and whether those shares were held at the end of the Class Period or sold during the Class Period, and, if sold, when they were sold and the amount received, an individual Class Member may receive more or less than this average amount. The precise amount of any Class Member’s recovery will not be known until all Proofs of Claim have been submitted, reviewed and processed. See the Plan of Allocation beginning on page [ ] for more information on your Recognized Claim.
Sample 1
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Statement of Plaintiff Recovery. Pursuant to the Settlement, a Gross Settlement Fund consisting of Nine Million Canadian Dollars (CDN $9,000,000.00) in cash, plus interest thereon from March 19, 2007, has been established. Plaintiffs estimate that there were approximately 59.5 million Royal Group shares that traded on the Toronto Stock Exchange, Montreal Stock Exchange and New York Stock Exchange during the Class Period that may have been damaged. Plaintiffs estimate that the average recovery per damaged Royal Group share is approximately CDN $0.15 before deduction of Court-approved attorneys’ fees and expenses. A Canadian Class Member's and/or U.S. Class Member’s (“Class Member”) actual recovery under the Settlement will be a proportion of the Net Settlement Fund (as defined under Question 8 below) determined by that claimant’s recognized loss as compared to the total recognized losses of all Class Members who submit acceptable Proofs of Claim. Depending on the number of claims submitted, the number of shares purchased, the exchange on which those shares were purchased, and the timing of his, her or its purchases and sales (if any), an individual Class Member may receive more or less than this average amount. See the Plan of Allocation of the Net Settlement Fund on page of this Notice for more information about the determination of each Class Member's potential recovery under this Settlement.
Sample 1

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