THE TERMS OF THE PROPOSED SETTLEMENT. The proposed Settlement contemplated by the Settlement Agreement provides as follows:
THE TERMS OF THE PROPOSED SETTLEMENT. The Defendants will pay $37 million, in full and final settlement of all claims against the Defendants. The $37 million, less the lawyers’ fees, disbursements and taxes, the costs of administration of the settlement and the amount owed to the Class Proceedings Fund will be distributed to the Class in accordance with a plan of allocation. The Settlement Agreement may be viewed at xxx.xxxxxxxxxxx.xxx/xxxxx-xxxxxxx/xxxxxxx.
THE TERMS OF THE PROPOSED SETTLEMENT. Under the Settlement Agreement, members of the Settlement Class will be entitled to payment of the following amounts by the City. • Each member of the Settlement Class will be paid $40 as compensation for time spent, inconvenience, upset, anger, and annoyance, less any court ordered deductions from this amount for payment of Class Counsel Fees, in whole or in part. In addition, subject to the terms of the Settlement Agreement, Qualifying Members of the Settlement Class may claim entitlement to the following further payments if they can prove to the satisfaction of the Claims Administrator that such member has met all of the Qualification Requirements and has incurred the claimed expenses: • Up to $2,000 per person in compensation for general damages for pain and suffering as a result of a compensable mental injury caused by the Disclosure; • Up to $500 per person for provable otherwise unreimbursed prescription and/or counselling, and related travel expenses incurred; and • Up to $150 per person for provable otherwise unreimbursed costs for documentation to substantiate mental injury. The above amounts are subject to caps, and may be reduced pro-rata in accordance with the Settlement Agreement if those caps are exceeded. In addition, the above amounts may be reduced pro-rata due to payment of Class Counsel Fees as may be directed by the Court. Further, the City will pay: • $25,000 would be allocated for Claims Administration Costs; • Up to $5,000 as an Honorarium for the Representative Plaintiff, if awarded by the Court; • $13,880 to be allocated as determined in the proceeding. Class Counsel Fees would be paid out of the Settlement Fund, in an amount to be determined by the Court, with compensation to members of the Settlement Class adjusted accordingly. A copy of the Settlement Agreement can be found on Class Counsel’s website (xxxxxxxxxxx.xx).
THE TERMS OF THE PROPOSED SETTLEMENT. As noted, the proposed settlement will only become effective if approved by the Court. If the proposed settlement is approved, the Court will enter a judgment that releases and discharges Kansas Teachers Community Credit Union and certain other persons from all claims that were or could have been asserted against them in the lawsuit. The claims released in connection with the settlement are further discussed and set out in Section VII of this Notice. The following is only a summary of some of the terms and conditions of the proposed settlement. For more information, you may obtain a copy of the executed Agreement by contacting Plaintiff’s Counsel at the address listed on this Notice, or by visiting the website of Plaintiff’s Counsel, xxx.xxxxxxx.xxx, and clicking on the link “Kansas Teachers Community Credit Union Settlement.” In connection with the settlement, Kansas Teachers Community Credit Union has agreed to provide the Class Members with the following benefits (“the Gross Settlement Fund”):
THE TERMS OF THE PROPOSED SETTLEMENT. The Defendants will pay or cause to be paid USD $4,375,000 (the “Settlement Amount”), in full and final settlement of all claims. The Settlement Amount, less the lawyers’ fees and disbursements, administrator’s expenses, and taxes (the “Net Settlement Amount”), if approved by the Court, will be distributed to the Class in accordance with the court-approved Plan of Allocation. The Settlement Agreement may be viewed at xxxxx://xxxxxxxxxx.xxx/hycroft-mining-corporation/ or at xxx.XxxxxxxxXxxxxxXxxxxxXxxxxxxxxxXxxxxxxxxx.xx. If the Settlement is approved, a further notice will be published which will include instructions on how Class Members can file Claim Forms to participate in the distribution of the Net Settlement Amount and the deadline for doing so. The Settlement provides that if it is approved by the Court, the claims of all Class Members which were asserted or which could have been asserted in the Action (except any putative Class Members who opt-out) will be fully and finally released and the Action will be dismissed.
THE TERMS OF THE PROPOSED SETTLEMENT. The Imperial Defendants will pay $6 million, in full and final settlement of all claims against the Defendants. The
