Common use of Why is there a Settlement Clause in Contracts

Why is there a Settlement. The Court has not reached a final decision as to the Class Representative’s claims. Instead, the Class Representative and Defendants have agreed to the Settlement. The Settlement is the product of extensive negotiations between the Class Representative, Defendants, and their counsel, who were assisted in their negotiations by a neutral private mediator. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representative and Class Counsel believe that the Settlement is best for all Class Members. Nothing in the Settlement Agreement is an admission or concession on Defendants’ part of any fault or liability whatsoever. The Settlement has been entered into to avoid the uncertainty, expense, and burden of additional litigation.

Appears in 3 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

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Why is there a Settlement. The Court has not reached a final decision as to the Class Representative’s Representatives’ claims. Instead, the Class Representative Representatives and Defendants MFS have agreed to the Settlement. The Settlement is the product of extensive negotiations between the Class RepresentativeRepresentatives, Defendants, and their counsel, who were assisted in their negotiations by a neutral private mediator. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representative Representatives and Class Counsel believe that the Settlement is best for all Class Members. Nothing in the Settlement Agreement is an admission or concession on Defendants’ part of any fault or liability whatsoever. The Settlement , but has been entered into to avoid the uncertainty, expense, and burden of additional litigation.

Appears in 1 contract

Samples: Class Action Settlement Agreement

Why is there a Settlement. The Court has not reached a final decision as to the Class Representative’s Representatives’ claims. Instead, the Class Representative Representatives and Defendants M&T Bank have agreed to the Settlement. The Settlement is the product of extensive negotiations between the Class RepresentativeRepresentatives, Defendants, and their counsel, who were assisted in their negotiations by a neutral private mediator. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representative Representatives and Class Counsel believe that the Settlement is best for all Class Members. Nothing in the Settlement Agreement is an admission or concession on Defendants’ part of any fault or liability whatsoever. The Settlement , but has been entered into to avoid the uncertainty, expense, and burden of additional litigation.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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Why is there a Settlement. The Court has not reached a final decision as to the Class Representative’s Representatives’ claims. Instead, the Class Representative Representatives and Defendants have agreed to the Settlement. The Settlement is the product of extensive negotiations between the Class RepresentativeRepresentatives, Defendants, and their counsel, who . These negotiations were assisted in their negotiations facilitated by a neutral private an experienced mediator. The parties to the Settlement have taken into account the uncertainty uncertainty, risks, and risks costs of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representative Representatives and Class Counsel believe that the Settlement is best for all Class Membersthe Settlement Class. Nothing in the Settlement Agreement is an admission or concession on Defendants’ part of any fault or liability whatsoever. The Settlement has been They have entered into the Settlement Agreement to avoid the uncertainty, expense, and burden of additional litigation.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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