Class Counsel Attorneys Fees and Expenses. Class Counsel have been prosecuting the Lawsuit on behalf of the Class Members on a contingency fee basis (that is, without being paid any money to date) and have been paying all litigation costs and expenses. To date, the parties have aggressively litigated many aspects of the case including settlement efforts and a full day mediation session. The Court will determine the actual amount awarded to Class Counsel as attorneys’ fees, which will be paid from the Total Settlement Amount. Class Members are not personally responsible for any of Class Counsel’s attorneys’ fees or litigation expenses. Class Counsel will collectively ask for fees of forty percent (40%) - i.e., $170,000.00 - of the Total Settlement Amount as reasonable compensation for the work Class Counsel performed and will continue to perform in this Lawsuit. Class Counsel also will ask for reimbursement of up to $15,000.00 for the costs Class Counsel incurred in connection with the Lawsuit. Class Representative Service Award. Plaintiff Xxxxxxxx Xxxxxxx will seek an award of $7,500.00, in addition to her Individual Settlement Payment, for her efforts and risks in assistance with the prosecution of the Lawsuit and in exchange for her execution of a general release.
Class Counsel Attorneys Fees and Expenses. Class Counsel – which includes attorneys from two separate law firms - have been prosecuting the Lawsuit on behalf of the Class Members on a contingency fee basis (that is, without being paid any money to date) and have been paying all litigation costs and expenses. To date, the parties have aggressively litigated many aspects of the case including settlement efforts and a full day mediation session. The Court will determine the actual amount awarded to Class Counsel as attorneys’ fees, which will be paid from the Gross Settlement Amount. Class Members are not personally responsible for any of Class Counsel’s attorneys’ fees or litigation expenses. Class Counsel will collectively ask for fees of thirty-five percent (35%) - i.e., $190,750.00 - of the Gross Settlement Amount as reasonable compensation for the work Class Counsel performed and will continue to perform in this Lawsuit. Class Counsel also will ask for reimbursement of up to $20,000.00 for the costs Class Counsel incurred in connection with the Lawsuit.
Class Counsel Attorneys Fees and Expenses
