Examples of Litigation Expense in a sentence
The Administrator will establish and maintain and use an internet website to post information of interest to Class Members, including the date, time and location for the Final Approval Hearing and copies of the Settlement Agreement, Motion for Preliminary Approval, the Preliminary Approval, the Class Notice, the Motion for Final Approval, the Motion for Class Counsel Fees Payment, Class Counsel Litigation Expense Payment and Class Representative Service Payment, the Final Approval and the Judgment.
In 2010 Rosenbach came up with a nearly 60% higher premium for the Litigation Expense policy because he “appl[ied] the model in a little different light.” Similarly, Rosenbach was unable to explain the 7.5% event rate used in the Tax Indemnity calculation or even what it represented.
Rosenbach also struggled to explain the premium calculation for the Litigation Expense policy, which included a subjective “base exposure” and several subjective factors that Rosenbach testified were multiplied together to reach the premium amount.
PPO-6 established a “Plaintiffs’ Personal Injury Litigation Expense Fund” (“Fund”) to be financed by money received through settlement of individual claims or satisfaction of judgments.
We note that Rosenbach said “than they did in the past” even though 2009 was the first year that American Findings purchased a Litigation Expense policy and he was the actuary that made the model.