SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS Sample Clauses

SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS. 1. What is this Notice and why should I read it?
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SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS. (1) Remain a member of the Settlement Class and submit a claim to receive a portion of the Net Settlement Fund. In order to receive a payment under this Settlement, you must fully complete and submit the claim form provided with this notice in the manner indicated (see instructions on claim form), or submit a claim through the settlement website, [Settlement Website], by DATE (“Claims Deadline”). If you do not submit a fully completed claim by the Claims Deadline, you will not receive any payment, you will still remain a member of the Settlement Class, and you will be bound by the terms of the Settlement Agreement. The value of each individual settlement payment cannot be known until the Claims Deadline has passed and all claims are verified. However, individual Class Member payments are expected to exceed around $250 each and, in some cases, may exceed several thousand dollars. Thus, to avoid IRS backup withholding, complete the enclosed W-9 Form, and return it to the Settlement Administrator. If you do not return a W-9 Form, any amount of the Settlement Fund distributable to you totaling $600 or more will be subject to IRS backup withholding. If the Settlement is approved, each Class Member who submits a timely and valid claim will receive a payment by check of their pro rata distribution of the Settlement Fund based on number of calls received as reflected in the Class List, less the cost of notice and administration, attorneys’ fees and costs, and any incentive award to the named Plaintiff. Further pro rata cash distributions to Class Members who cashed their initial check will occur from the proceeds of any uncashed checks after the initial distribution, to the extent administratively feasible. If further distributions are not administratively feasible, remaining funds will be distributed to the National Consumer Law Center or other non-profit approved by the Court. Unless you opt out of the Settlement as detailed below, you will be bound by the terms of the Settlement Agreement, including the release of all Released Claims against UCB and the Released Parties for TCPA and similar violations.
SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS. Get a Payment If you want to participate in the Settlement and receive a monetary payment, there are two ways to do so. First, you can fill out and return the “Consent to Join” Form provided below or available at: [hyperlinked website address]. Second, you can do nothing, wait to receive a payment, and then cash the check you receive. Either of these methods will ensure you participate. If you return the Consent to Join Form and/or cash the check you recieve, you will give up your right to xxx Defendants (as defined below) for any of the legal claims identified in Section IX, below. After final approval of the Settlement by the Court, your Settlement Payment will be mailed to you at the same address identified on this Notice. If your address changes, please notify the Settlement Administrator. Exclude Yourself If you do not want to participate in the Settlement, send the Opt-Out Statement to the Settlement Administrator as provided below, which will remove you from the Action and the Settlement. You will not receive any payment. You will keep your right to xxx Defendants for the legal claims in this Action. The Settlement will bind all Class Members who do not request exclusion by submitting an Opt-Out Form. Object If you wish to object to the Settlement, send a written objection by mail to the Settlement Administrator stating your reasons for the objection. Directions are provided below. You cannot both object and exclude yourself from the Settlement.
SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS. Do Nothing If you did not make a claim in the Cryptsy case, or if you made a claim in the Cryptsy Case that was rejected, and you do nothing in this Coinbase Settlement, you will not get a payment from this settlement. You give up your rights to ever recover from Coinbase for the legal claims in this case if the settlement is approved. If you made a claim in the Cryptsy Case that was approved and paid, you do not have to take any action. Your Cryptsy claim will be deemed approved and will be paid if this settlement is approved. Exclude Yourself From the Settlement Get no payment from the settlement. This is the only way that you can file your own lawsuit or ever be part of any other lawsuit about the legal claims in this case against Coinbase. Submit a Claim Form for Your Share of the Settlement If you did not submit a claim in the Cryptsy Case or if your claim in the Cryptsy Case was rejected, the only way to receive money from the settlement when the funds are distributed is by submitting a claim form by , 2020. Object to or Comment on the Settlement Following the instructions in Question 24, write to the Court about why you like or do not like the settlement by no later than , 2020. You may also ask to speak to the Court about your written comments or objections about the fairness of the settlement at the “Fairness Hearing” on , 2020, though you do not have to do so. To comment on or object to the settlement and request to speak at the “Fairness Hearing,” you must act before , 2020. Go to the Court’s Fairness Hearing About the Settlement If you would like, you may ask to speak in Court about the fairness of the settlement if you follow the instructions in Question 24 of this Notice. You do not need to speak to the Court to receive benefits under the settlement. The above bullet points and charts provide summary information regarding the lawsuit against Coinbase. The remainder of this Notice is designed to provide more information to help you evaluate your options and answer any questions that you may have. The Court in charge of this case still has to approve the settlement. Payments will be made if the Court approves the settlement and orders that the settlement funds be distributed, and if any appeals of the Court’s approval of the settlement are resolved in favor of the settlement. Please be patient. What This Notice Contains Basic Information PAGE X

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