DESCRIPTION OF THE LITIGATION Sample Clauses

DESCRIPTION OF THE LITIGATION. A. History of the Litigation
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DESCRIPTION OF THE LITIGATION. Plaintiffs allege that, from approximately June 2012 to February 2015, JCPenney directed its Merchandise Assistants to work “off the clock” outside of their scheduled hours without paying them a minimum wage or one and a half times their regular rate of pay for time worked in excess of forty hours each week. Plaintiffs further allege that, around February 2, 2015, JCPenney began investigating the unpaid hours of its Merchandising Assistants. As a result of this investigation, JCPenney ultimately made payments of $289,278.59 to 53 Merchandise Assistants who reported unpaid hours. The Parties to the Litigation exchanged initial disclosures and written discovery, followed by some voluntary production of information to facilitate settlement negotiation. After extensive negotiations, information gathering, data review, document production, and analysis, the Parties resolved the wage and hour claims. JCPenney specifically and generally denies all of the wage and hour claims asserted in the Litigation, including all claims as to liability, damages, penalties, interest, attorneys’ fees or costs, expert fees, restitution, injunctive relief, and all other forms of relief, as well as all collective allegations. JCPenney makes no concession or admission of wrongdoing or liability of any kind whatsoever. JCPenney maintains that it fully compensated the Plaintiff Class based on timesheets they submitted. Upon learning of an allegation of under-reporting hours, JCPenney promptly investigated its Merchandise Assistants’ allegations and expanded that investigation to other Merchandise Assistants in the department. And, while disputing the legitimacy of some assertions, JCPenney nonetheless paid the Plaintiff Class for all alleged unreported hours. JCPenney further implemented new procedures and conducted training to reinforce accurate time-recording processes. Nonetheless, JCPenney has concluded that further defense of the wage and hour claims in the Litigation would be protracted and expensive, and that it is desirable that the wage and hour claims in the Litigation be fully and finally settled in the manner and upon the terms and conditions set forth in the Stipulation and Settlement Agreement (“Settlement Agreement”). In reaching this conclusion, JCPenney has also taken into account the uncertainty and risks inherent in any litigation. JCPenney has, therefore, determined that it is desirable and beneficial for it to settle the wage and hour claims asserted in Litigation...
DESCRIPTION OF THE LITIGATION. In this lawsuit, the Plaintiff, Xxxxxx Xxxxxxxxx, alleges that current and former salaried MWD Field Specialist and MWD Field Engineers who worked for Schlumberger during the relevant statutory time period were misclassified as exempt from federal and certain state overtime and other wage and hour laws. The Plaintiff contends that Schlumberger improperly failed to pay Settlement Class Members overtime pay for all hours worked over 40 hours in a workweek and seeks unpaid overtime, interest, and penalties on their behalf. Schlumberger denies the Named Plaintiff’s allegations and maintains that it properly classified Settlement Class Members as exempt employees under the FLSA and certain state laws, and properly compensated the Settlement Class Members; that Settlement Class Members were not entitled to overtime; and that Defendant complied with all applicable state and federal laws with respect to the compensation of Settlement Class Members. This Settlement is the result of good-faith, arm’s-length negotiations between the Named Plaintiff and Schlumberger, through their respective attorneys. Both sides agree that in light of the risks and expense associated with continued litigation, this Settlement is fair and appropriate under the circumstances, and in the best interests of the Settlement Class Members. On [** INSERT DATE**], the Court granted preliminary approval of the proposed Settlement. The Court will decide whether to give final approval to the proposed Settlement at a hearing scheduled for [** INSERT DATE**] (“Final Approval and Fairness Hearing”). XXXXXXXXX XXXXXX LAW FIRM Xxxxxxx X. Xxxxxxxxx 00 Xxxxxxxx Xxxxx, Xxxxx 0000 Xxxxxxx, Xxxxx 00000 Telephone: (000)000-0000 XXXXXXXX XXXXX, PLLC Xxxxxxx Xxxxx 0 Xxxxxxxx Xxxxx, Xxxxx 0000 Xxxxxxx, Xxxxx 00000 Telephone: (000)000-0000 XXXXXXXX & XXXXX Xxxx Xxxxx 0000 Xxxxxxxxxx Xxx. Xxxxxxxxxx, Xxxxxxxxxxxx 00000 Telephone: (000)000-0000 The attorneys for Defendant are: KULLMAN LAW FIRM Xxx Xxxxx III Xxxxxx Xxxxxxxx 0000 Xxxxxxx Xxxxxx, Suite 1600 New Orleans, Louisiana 70163 Telephone: (000)000-0000
DESCRIPTION OF THE LITIGATION. 1. Plaintiffs commenced this class action on behalf of themselves and other owners of real property in Xxxxxxxxxxxx County, Pennsylvania, who in 2008 signed oil and gas leases with Xxx Energy for which pre-paid rental or bonus payments were not made. Plaintiffs’ class action complaint asserts that valid and binding oil and gas leases existed which Defendants breached. The complaint seeks both damages and declaratory relief. 2. Defendants have denied any and all liability, and they believe and assert that their conduct was lawful and permissible. They deny all allegations of wrongdoing and assert that each of Plaintiffs’ claims is without merit. 3. The parties have engaged in certain discovery, and a motion for class certification is currently pending before the Court. 4. Without admitting any liability or fault, the parties desire to settle and compromise all claims that have been asserted in this Action in order to avoid further expenses, disruptions and uncertainties of litigation.

Related to DESCRIPTION OF THE LITIGATION

  • Certain Litigation The Company agrees that it shall not settle any litigation commenced after the date hereof against the Company or any of its directors by any shareholder of the Company relating to the Offer, the Merger, this Agreement, or the Shareholder Agreement, without the prior written consent of Parent. In addition, except as provided in Section 6.2(c), the Company shall not voluntarily cooperate with any third party that may hereafter seek to restrain or prohibit or otherwise oppose the Offer or the Merger and shall cooperate with Parent and Sub to resist any such effort to restrain or prohibit or otherwise oppose the Offer or the Merger.

  • Investigations; Litigation There is no investigation or review pending (or, to the knowledge of Parent, threatened) by any Governmental Entity with respect to Parent or any of its Subsidiaries which would have, individually or in the aggregate, a Parent Material Adverse Effect, and there are no actions, suits, inquiries, investigations or proceedings pending (or, to Parent’s knowledge, threatened) against or affecting Parent or its Subsidiaries, or any of their respective properties at law or in equity before, and there are no orders, judgments or decrees of, or before, any Governmental Entity, in each case which would have, individually or in the aggregate, a Parent Material Adverse Effect.

  • Certain Litigation Matters The Owner Trustee shall provide prompt written notice to the Depositor, the Seller and the Servicer of any action, proceeding or investigation known to the Owner Trustee that could reasonably be expected to adversely affect the Trust or the Owner Trust Estate.

  • Control of Litigation (a) Subject to Section 8.5 and Section 8.6, the Parties acknowledge and agree that, from and after the Closing Date, as between Seller and a Purchaser, Seller shall be entitled exclusively to control, defend and settle any suit, action or proceeding, and any investigation arising out of or related to any Excluded Assets or Excluded Liabilities, and such Purchaser agrees to cooperate reasonably in connection therewith, it being understood that such Purchaser shall not be required to incur any cost in connection with any such settlement but may be required to provide a release to a third party claimant in respect of the specific matters involved in such suit, action, proceeding or investigation; provided, however, that Seller shall reimburse such Purchaser for all reasonable costs and expenses incurred by such Purchaser in providing such cooperation to Seller and shall not unreasonably interfere with operations at the Generation Facility in connection with any such control, defense or settlement. (b) Subject to Section 8.5 and Section 8.6, the Parties acknowledge and agree that, from and after the Closing Date, as between Seller and a Purchaser, such Purchaser shall be entitled exclusively (except as otherwise described in subsection (c) of this Section 2.5) to control, defend and settle any suit, action or proceeding, and any investigation arising out of or related to any Purchased Assets or Assumed Liabilities, such Purchaser and Seller agree to cooperate reasonably in connection therewith, and Seller agrees to cooperate reasonably in connection therewith, it being understood that Seller shall not be required to incur any cost in connection with any such settlement but may be required to provide a release to a third party claimant in respect of the specific matters involved in such suit, action, proceeding, or investigation; provided, however, that such Purchaser shall reimburse Seller (in accordance with such Purchaser's Proportionate Share) for all reasonable costs and expenses incurred in providing such cooperation to such Purchaser and shall not unreasonably interfere with Seller's or any of its Affiliates' operations. (c) Subject to Section 7.6, Section 8.5 and Section 8.6, the Parties acknowledge and agree that, from and after the Closing Date, Seller shall be entitled exclusively to control, defend and settle any action or proceeding associated with any Tax and related audit, appeals process or litigation for taxable periods occurring prior to the Closing Date.

  • Dismissal of Litigation Within five (5) days of the Effective Date, Summit, VISX and Pillar Point shall cause all of the Summit/VISX Litigation (as hereinafter defined) to be dismissed with prejudice, with each party to bear its own costs and attorneys' fees. As used herein, "Summit/VISX Litigation" means VISX Partner, Inc. v. Summit Partner, Inc., Santx Xxxxx Xxxxxx Xxxxxxxx Court, Case No. CV 772057; VISX, Incorporated v. Pillar Point Partners, et al., Santx Xxxxx Xxxxxx Xxxxxxxx Court, Case No. 770042; and VISX Partner, Inc., on behalf Pillar Point Partners, United States District Court, District Of Massachusetts, Case No. 96-11739-PBS. The term "Summit/VISX Litigation" includes all counterclaims, cross-claims and the like asserted in the foregoing actions.

  • Claims and Litigation No pending or, to the Company's knowledge, threatened, claims, suits or other proceedings exist with respect to any Employee Benefit Plan other than normal benefit claims filed by participants or beneficiaries.

  • Defense of Litigation To appear in and defend any action or proceeding that may affect its title to or Secured Party’s interest in the Collateral.

  • Stay of Litigation The Parties agree that upon the execution of this Agreement the litigation shall be stayed, except to effectuate the terms of this Agreement. The Parties further agree that upon the signing of this Agreement that pursuant to CCP section 583.330 to extend the date to bring a case to trial under CCP section 583.310 for the entire period of this settlement process.

  • Notice of Litigation Each Purchaser shall promptly notify the applicable Seller upon becoming aware of any Proceedings or threatened Proceedings concerning any Serviced Appointment (whether or not the Sellers are named in such Proceedings), in each case, excluding Proceedings in servicer-managed mortgage-level litigation with respect to residential mortgage-backed securities transactions. Notices pursuant to this Section 6.4 will be delivered to the notice recipient designated on Annex B.

  • Pending Litigation Financial position and prospective long-term profitability of the Single Tenderer, and in the case the Tenderer is a JV, of each member of the JV, shall remain sound according to criteria established with respect to Financial Capability under paragraph I (i) above assuming that all pending litigation will be resolved against the Tenderer. Tenderer shall provide information on pending litigations as per Form CON-2.

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