Examples of SLC Counsel in a sentence
Federal Plaintiff’s Counsel and SLC Counsel also discussed the status of the SLC’s investigation and next steps, including the possibility of engaging in mediation to explore a potential resolution of the matter.
Upon the Effective Date, each of the Settling Parties shall be deemed to have fully, finally, and forever released, relinquished, and discharged the members of the SLC and SLC Counsel from all claims (including Unknown Claims), arising out of, relating to, or in connection with the investigation, settlement, or resolution of the Derivative Actions or the Released Claims.
Following a number of exchanges through the Mediator, Plaintiffs’ Counsel and SLC Counsel, on behalf of the SLC (as defined in the Stipulation), accepted the Mediator’s proposal, agreeing on the Fee and Expense Amount of $3.5 million.
Id.On February 7, 2013, Plaintiffs’ Counsel met with SLC Counsel to discuss the settlement proposal.
Id.On January 15, 2013, Plaintiffs’ Counsel held a telephonic meeting with SLC Counsel to discuss Plaintiffs’ Counsel’s letter of December 21, 2012.
Plaintiffs’ Counsel met with SLC Counsel on a number of occasions to discuss the concessions that the SLC would attempt to extract from CCC.
On December 21, 2012, Plaintiffs’ Counsel sent a letter to SLC Counsel noting that during the stay, the outstanding balance of the Loan grew to $723.3 million while CCC’s credit rating continued to reflect a likely default.
Id. SLC Counsel felt the best course of action would be to use the leverage created by the litigation and ensuing successful investigation to extract significant concessions and a restructuring of the terms of the Loan.
After the Settling Parties reached an agreement in principle on the material substantive terms to resolve the Litigation, Plaintiffs’ Counsel and SLC Counsel (as defined in the Stipulation), commenced negotiations regarding an appropriate award of attorneys’ fees and expenses commensurate with the value of the Settlement benefit and the contributions of Plaintiffs’ Counsel to the Settlement.
At the meeting, SLC Counsel acknowledged that a wholesale review of the relationship between CCC and Outdoor, triggered by Plaintiffs’ allegations, had uncovered evidence that the SLC believed could support claims against the members of the Outdoor Board for breaches of their fiduciary duties to Outdoor and its public shareholders.