Examples of Award to Lead Plaintiffs in a sentence
If you are a Settlement Class Member, you can tell the Court you do not agree with the proposed Settlement, any part of the Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and expenses and application for a Compensatory Award to Lead Plaintiffs.
The Court may also decide how much should be awarded to Lead Counsel for attorneys’ fees and expenses and a Compensatory Award to Lead Plaintiffs for their service to the Settlement Class.We do not know how long these decisions will take.
Also, subject to the Court’s approval, a portion of the Settlement Fund will be used to pay attorneys’ fees with interest and reasonable litigation expenses to Plaintiffs’ Counsel, and any Award to Lead Plaintiffs.
The Court may also decide how much should be awarded to Co-Lead Counsel for attorneys’ fees and expenses and a Compensatory Award to Lead Plaintiffs for their service to the Settlement Class.We do not know how long these decisions will take.
If you are a Class Member, you can tell the Court you do not agree with the proposed Settlement, any part of the Settlement, the proposed Plan of Allocation, and/or Co-Lead Counsel’s motion for attorneys’ fees and expenses and application for a Compensatory Award to Lead Plaintiffs.
Also, subject to the Court’s approval, a portion of the Settlement Fund will be used to pay attorneys’ fees with interest and reasonable litigation expenses to Co-Lead Counsel, and a Compensatory Award to Lead Plaintiffs for their services representing the Settlement Class.
Lead Plaintiffs’ Counsel intends to submit an application to the Court, on notice to counsel for Defendants, for the payment of Attorneys’ Fees and Expenses, including: (i) an award of attorneys’ fees up to one-third of the Settlement Amount; (ii) reimbursement of litigation costs and expenses, plus interest, including fees and expenses of experts, incurred in connection with the prosecution of the Litigation; and (iii) an Award to Lead Plaintiffs (for reimbursement of time and expenses).
Therefore, Co-Lead Counsel will file a motion at the Settlement Hearing asking the Court for an award of attorneys’ fees in an amount not greater than one-third of the Settlement Fund, equaling$1,333,333.33 plus interest, plus reimbursement of litigation expenses of no more than $150,000 and a Compensatory Award to Lead Plaintiffs collectively not to exceed $15,000 (or $7,500 each).
Therefore, Lead Counsel will file a motion at the Settlement Hearing asking the Court for an award of attorneys’ fees in an amount not greater than thirty percent of the Settlement Fund, equaling $8,100,000 plus interest, plus reimbursement of litigation expenses of no more than $1,000,000 and a Compensatory Award to Lead Plaintiffs collectively not to exceed $35,000 (or $20,000 to Class Representative Mohit Sahni and $15,000 to Class Representative Joseph Waggoner).
The other Settling Parties shall take no position on any application concerning Lead Plaintiffs’ Counsel’s request or award of attorneys’ fees and reimbursement of expenses, or Award to Lead Plaintiffs.