Monetary Losses definition
Examples of Monetary Losses in a sentence
Settlement Class Members with Monetary Losses must submit documentation supporting their claims.
The California Statutory Payment is an additional settlement benefit made available to California Settlement Class Members that is in addition to reimbursement of claims for Documented Monetary Losses and a Settlement Class Member’s selection of a Pro Rata Cash Payment.
The payments shall be calculated by dividing remaining funds in the Settlement Fund, after payment of Settlement Administration Fees, Attorneys’ Fees Costs and Expenses, Credit Monitoring and Identity Restoration Services, and Documented Monetary Losses, by the number of eligible claims.
You must submit documentation supporting your Claim Form for Documented Monetary Losses, which may include but are not limited to (i) out-of-pocket credit monitoring costs that were incurred on or after May 8, 2024 through the date of claim submission; (ii) unreimbursed losses associated with actual fraud or identity theft; and (iii) unreimbursed bank fees, long distance phone charges, postage, or gasoline for local travel.
California Statutory Payments are subject to a pro rata decrease based on the amount remaining in the Settlement Fund following payment of the Fee Award and Expenses, Service Awards, Administration and Notice Costs, CAFA Notice costs, claims for reimbursement of documented Monetary Losses and costs of Financial Account Monitoring.
The California Statutory Payment is an additional settlement benefit made available to California Settlement Class Members that is in addition to reimbursement of claims for Monetary Losses and a Settlement Class Member’s selection of either Financial Account Monitoring or the Alternative Pro Rata Cash Payment.
California Statutory Payments are subject to a pro rata decrease based on the amount remaining in the Settlement Fund following payment of the Fee Award and Expenses, Administration and Notice Costs, CAFA Notice, and claims for Reimbursement of Documented Monetary Losses.
California Statutory Payments shall be made in full (i.e., $100 per Class Settlement Member making a valid claim) and reduced pro rata only where payment of Documented Monetary Losses, Credit Monitoring, California Statutory Payments would exhaust the Settlement Fund.
The amount of the Pro Rata Cash Payment may increase or decrease on a pro rata (a legal term meaning equal share) basis after funds from the Settlement have been used to pay Class Counsel’s Fees and Expenses, Service Awards, settlement administration costs, Documented Monetary Losses and credit monitoring expenses.
If Documented Monetary Losses, Credit Monitoring, and California Statutory Payments, when paid in full, do not exhaust the Settlement Fund, remaining funds shall be distributed as Pro Rata Cash Payments to Class Settlement Members making a valid claim in accordance with procedures set forth herein.