The Settlement Terms. 7. What does the settlement provide? Southfield Corporation has agreed to pay the amount of $19,000,000 (“Settlement Amount”) pursuant to the terms of the Settlement. This settlement was achieved after more than two years of litigation and numerous negotiating sessions between Class Counsel and the lawyers for Southfield. Because of the inherent risks of litigation Plaintiffs believe that the Settlement provides a fair and efficient resolution of the Plaintiffs’ and Class Members’ claims against Southfield. The Settlement Amount will be deposited into a Settlement Fund. Under the Settlement, the Plaintiffs and Class Counsel may seek permission from the Court to receive payments from the Settlement Fund for distribution to Class members or to reimburse Class Counsel for reasonable expenditures made or to be made by Class Counsel on behalf of Class Members to pursue the Lawsuit against the Defendants other than Southfield. The Settlement does not prevent the Plaintiffs from seeking damages from other Defendants caused by Southfield’s alleged participation in the price-fixing conspiracy. Because of the ongoing nature of the claims in the Lawsuit against the other Defendants, Plaintiffs and Class Counsel plan to defer distribution of the Settlement Fund to Class Members until a later date, and do not know at this time when they will seek permission from the Court to make distributions from the Settlement Fund to Class Members. In the event that Plaintiffs and Class Counsel seek to make a distribution of the Settlement Fund or any other funds recovered in the Lawsuit to Class Members, it is anticipated that the proposed distribution of amounts from the Settlement Fund will be in direct proportion to the amount of a Class Member’s purchases of Ready-Mixed Concrete from the Defendants at any time from July 1, 2000 through May 25, 2004. In the event that Plaintiffs and Class Counsel seek to make a distribution of the Settlement Fund or any other funds recovered in the Lawsuit to Class Members, a Claim Form with information about the proposed distribution and instructions for submitting a claim will be provided to Class Members.
The Settlement Terms. 22 The proposed Settlement Class consists of approximately 273,073 Earnin users who 23 incurred at least one overdraft fee or insufficient funds event fee charged by a bank that the bank 24 attributed to a withdrawal from Earnin between September 3, 2015 to May 28, 2020. 25 Per the Settlement Agreement’s terms and in exchange for a release of Settlement Class 26 Members’ claims, Xxxxxx will provide three million dollars ($3,000,000.00) in total monetary 27 relief to fund the Settlement that will be borne by Defendant, and out of which will be paid the 28 Settlement Relief (see Section IV of the Settlement Agreement), the costs of the Settlement [PROPOSED] ORDER RE: PLAINTIFFS’ No. 5:19-cv-05543 1 MOTION FOR PRELIMINARY APPROVAL OF SETTLEMENT 1 Administrator (see Section IV of the Settlement Agreement), any attorney’s fees awarded Class 2 Counsel by this Court after motion (see Section XI of the Settlement Agreement), and any 3 service awards the Court grants the Named Plaintiffs (see Section XI of the Settlement 4 Agreement).
The Settlement Terms. 1. The Settlement of the Consolidated Action has been reached among Plaintiffs, acting in their individual capacities and as representatives of the Class, and Defendants. The terms and conditions of the Settlement are set forth in detail in the Stipulation, which has been filed with the Court. The Settlement is subject to and becomes effective only upon approval by the Court. This Notice only includes a summary of various terms of the Settlement, and does not purport to be a comprehensive description of its terms, which are available for review as described below.
The Settlement Terms. 14. The principal terms of the Settlement are as follows:
The Settlement Terms. 20. The settlement class is defined as: All persons identified by the records of Xxx Xxxxx to whom Xxx Xxxxx has sent text messages after the recipient requested to no longer receive text messages from Ima Pizza.
The Settlement Terms. 3.1 Red Brick Ltd and Blue Brick Ltd hereby agree that:
The Settlement Terms. This Notice provides a summary of the settlement terms. Further details of the settlement including a copy of the Settlement Agreement and other relevant Judgments, notices or proceedings may be found on the Settlement Website at [Insert Settlement Website]. The Settlement Agreement provides that the Defendants will pay a total of $6,000,000.00 CAD (the “Settlement Fund”), which includes the payment of Class Counsel fees, plus taxes and disbursements, and also includes all Administration Expenses. In return for the Settlement Fund, Defendants will receive a release from all Class Members and a declaration of settlement out of court of the Class Action. The attorneys representing the Class (“Class Counsel”) is the firm of Lex Group Inc. (c/o Mtre Xxxxx Xxxxx), which can be reached at xxxxxxxxxx@xxxxxxxx.xx.
The Settlement Terms
