APPLICATION FOR ATTORNEYS’ FEES AND EXPENSES. At the Settlement Hearing, Lead Counsel will request that the Court award attorneys’ fees of up to 28% of the Settlement Amount, plus litigation expenses not to exceed $1.3 million, plus interest earned on both amounts. Class Members are not personally liable for any such fees, expenses, or compensation. In addition, the Plaintiffs intend to seek an amount not to exceed $15,000 each for their costs and expenses incurred in representing the Class. To date, Plaintiffs’ Counsel have not received any payment for their services in conducting this Action on behalf of Plaintiffs and members of the Class, nor have counsel been paid for their expenses. The fee requested by Lead Counsel would compensate counsel for their efforts in achieving the Settlement Fund for the benefit of the Class, and for their risk in undertaking this representation on a contingency basis. The fee requested is within the range of fees awarded to plaintiffs’ counsel under similar circumstances in litigation of this type.
Appears in 2 contracts
Samples: Settlement Agreement, Settlement Agreement
APPLICATION FOR ATTORNEYS’ FEES AND EXPENSES. At the Settlement Hearing, Lead Counsel will request that the Court to award attorneys’ fees of up to 28% of the Settlement Amount$1,125,000, plus litigation expenses not to exceed $1.3 million200,000, plus interest earned on both amounts. Class Members are not personally liable for any such fees, expenses, or compensation. In addition, the Plaintiffs intend to seek an amount not to exceed $15,000 each 20,000 for their costs and expenses incurred in representing the Class. To date, Plaintiffs’ Counsel have not received any payment for their services in conducting this Action on behalf of Plaintiffs and members of the Class, nor have counsel been paid for their expenses. The fee requested by Lead Counsel would compensate counsel for their Plaintiffs’ Counsel’s efforts in achieving the Settlement Fund for the benefit of the Class, and for their risk in undertaking this representation on a contingency basis. The fee requested is within the range of fees awarded to plaintiffs’ counsel under similar circumstances in litigation of this type.
Appears in 1 contract
Samples: Stipulated Settlement Agreement
APPLICATION FOR ATTORNEYS’ FEES AND EXPENSES. At the Settlement Hearing, Lead Counsel will request that the Court to award attorneys’ fees of up to 28% one-third of the Settlement Amount, plus litigation expenses not to exceed $1.3 million950,000, plus interest earned on both amounts. Class Members are not personally liable for any such fees, expenses, or compensation. In addition, the Plaintiffs intend to seek an amount not to exceed $15,000 each 12,000 for their costs and expenses incurred in representing the Class. To date, Plaintiffs’ Counsel have not received any payment for their services in conducting this Action on behalf of Plaintiffs and members of the Class, nor have counsel been paid for their expenses. The fee requested by Lead Counsel would compensate counsel for their efforts in achieving the Settlement Fund for the benefit of the Class, and for their risk in undertaking this representation on a contingency basis. The fee requested is within the range of fees awarded to plaintiffs’ counsel under similar circumstances in litigation of this type.
Appears in 1 contract
Samples: Settlement Agreement
APPLICATION FOR ATTORNEYS’ FEES AND EXPENSES. At the Settlement Hearing, Lead Counsel will request that the Court to award attorneys’ fees of up to 2833% of the Settlement Amount, plus litigation expenses not to exceed $1.3 million170,000, plus interest earned on both amountsthereon. Class Members are not personally liable for any such fees, expenses, or compensation. In addition, the Lead Plaintiffs intend to may seek an amount not to exceed a total of $15,000 each 5,000 for their costs time and expenses incurred in representing the Class. To date, Plaintiffs’ Lead Counsel have not received any payment for their services in conducting this Action on behalf of Lead Plaintiffs and the members of the Class, nor have counsel been paid for their expenses. The fee requested by Lead Counsel would compensate counsel for their efforts in achieving the Settlement Fund for the benefit of the Class, and for their risk in undertaking this representation on a contingency basis. The fee requested is within the range of fees awarded to plaintiffs’ plaintiff’s counsel under similar circumstances in litigation of this type.
Appears in 1 contract
Samples: Settlement Agreement