WHAT DOES IT MEAN THAT THE ACTION. HAS SETTLED? The Court has made no determination whether Defendant or Plaintiffs are correct on the merits. Rather, in an effort to resolve the lawsuit and avoid the expensive and time-consuming process of litigation, Plaintiffs and Defendant hired an experienced, neutral mediator to assist them in reaching an agreement (settle the case). These efforts were successful. Plaintiffs and Defendant have prepared and signed a written settlement agreement (“Agreement”) and agreed to jointly ask the Court to enter a judgment ending the lawsuit as a result of the Agreement. Both sides agree the Agreement is a compromise of disputed claims. By agreeing to settle, Defendant does not admit any violations or concede the merit of any claims. Plaintiffs and Class Counsel strongly believe the settlement is a good deal for you because they believe that: (1) Defendant has agreed to pay a fair, reasonable and adequate amount considering the strength of the claims and the risks and uncertainties of continued litigation; and (2) Settlement is in the best interests of the Class Members and Aggrieved Employees. The Court preliminarily approved the proposed settlement as fair, reasonable and adequate, authorized this Notice, and scheduled a hearing to determine Final Approval.
Appears in 2 contracts
Samples: Class Action and Paga Settlement Agreement and Class Notice, Class Action and Paga Settlement Agreement and Class Notice
