Negotiation of Settlement Sample Clauses

Negotiation of Settlement. Class Counsel has engaged in arms-length 6 negotiations with Defendant with a view toward achieving substantial benefits while avoiding the cost, 7 delay, and uncertainty of further litigation. The Parties reached a settlement after jointly retaining the 8 services of an experienced mediator, Xxxxxx Xxx, Esq., and engaging in an adversarial day-long 9 mediation in Seattle, Washington, on January 26, 2018.
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Negotiation of Settlement. Class Counsel have engaged in arms-length 9 negotiations with Defendant with a view toward achieving substantial benefits while avoiding the cost, 10 delay, and uncertainty of further litigation. Plaintiff will urge that the Court approve this Agreement 11 after considering (1) the factual and legal defenses to the claims asserted, which render uncertain the 12 ultimate outcome of the Action, (2) the potential difficulties Plaintiff would encounter in establishing his 13 claims and achieving class treatment, (3) the benefits produced by this Agreement, (4) that this 14 Agreement provides relief in an expeditious, efficient manner, compared to recoveries possible after 15 litigation and potential appeals, and (5) that this Agreement allows Class Members to opt out of the 16 Action and individually pursue the claims alleged in the Action.
Negotiation of Settlement. Class Counsel has engaged in arms-length 4 negotiations with Defendant with a view toward achieving substantial benefits while avoiding the cost, 5 delay, and uncertainty of further litigation. The Parties reached a settlement after jointly retaining the 6 services of an experienced mediator, Rodney Max, Esq., and engaging in an adversarial day-long 7 mediation in San Francisco, California, on March 1, 2018, and engaging in additional arms-length 8 negotiations in the days and weeks after that mediation.
Negotiation of Settlement. Class Counsel engaged in intensive, arms-length 18 negotiations with Defendant at three separate mediations. On February 14, 2019, the 19 Parties attended an unsuccessful mediation with Xxxxx Xxxxxxx, Esq. On September 20 16, 2020, the Parties attended a second unsuccessful mediation with Xxxxx Xxxxx, 21 Esq. And, on August 9, 2023, the Parties attended an all-day mediation with Xxx 22 Xxxxxx, Esq. that ended with a mediator’s proposal that ultimately led to this 23 Agreement to settle the Action with a view toward achieving substantial benefits for 24 the Class Members, while avoiding the cost, delay, and uncertainty of further 25 litigation. Plaintiff and Class Counsel urge approval by the Court of this Agreement 26 after considering (1) the factual and legal defenses to the claims asserted, which 27 render uncertain the ultimate outcome of the Action and class certification, (2) the 28 potential difficulties Plaintiff and Class Members would encounter in establishing 1 their claims and maintaining class treatment, (3) the substantial benefits that Class 2 Members would receive under this Agreement, and (4) that this Agreement provides 3 Class Members relief in an expeditious and efficient manner, compared to any 4 manner of recovery possible after litigation and potential appeal.

Related to Negotiation of Settlement

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation or the Effective Date of the Settlement otherwise fails to occur, this Judgment shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Judgment shall be without prejudice to the rights of Lead Plaintiffs, the other Settlement Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of immediately prior to the execution of the Term Sheet on February 11, 2021, as provided in the Stipulation.

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • Dispute Settlement 1. A Party may not initiate proceedings under the general dispute settlement provisions of this Agreement regarding a refusal to grant temporary entry under this Chapter unless: (a) the matter involves a pattern of practice; and (b) the business person has exhausted the available administrative remedies regarding the particular matter. 2. The remedies referred to in subparagraph 1(b) shall be deemed to be exhausted if a final determination in the matter has not been issued by the competent authority within one year of the institution of an administrative proceeding, and the failure to issue a determination is not attributable to delay caused by the business person.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

  • The Settlement The Settlement was reached on May 11, 2018. Class Counsel filed this action on May 10, 2018. Over two years prior to the filing of this action, Class Counsel and Defendant’s Counsel conducted an adversarial informal discovery process. Class Counsel reviewed and analyzed thousands of pages of documents provided by Defendant and also reviewed many other documents, including U.S. Department of Labor Forms 5500 and other publicly available documents. The Parties participated in mediation before a nationally recognized mediator who has extensive experience in resolving similar claims involving other 401(k) plans. Only after six months of extensive arm’s length negotiation following the mediation were the parties able to agree to the terms of the Settlement. As part of the Settlement, a Qualified Settlement Fund of $17,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $17,000,000 minus any Administrative Expenses, taxes, tax expenses, Court-approved Attorneys’ Fees and Costs, Class Representatives’ Compensation, and other approved expenses of the litigation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court. In addition to the monetary component of the Settlement, the Parties to the Settlement have agreed to certain additional terms: (1) During the first eighteen months (18) following the final approval of the Settlement, Defendant has agreed that the Plan’s fiduciaries will conduct a Request for Proposal (“RFP”) process for recordkeeping services to the Plan; (2) Within the first year following final approval of the Settlement, Defendant has agreed to publish a communication to then current Plan participants explaining the risks and benefits of the Plan’s money market fund investment option; (3) Defendant also will use an independent consultant familiar with fixed income investment options in defined contribution plans who will review the investment lineup and make recommendations to the Plan’s fiduciaries regarding whether to retain the money market fund and whether to add a stable value or comparable fund; (4) In addition, during the three- year Settlement period, Defendant has agreed to provide Class Counsel a list of the Plan’s investment options and fees; and (5) In considering investment options for the Plan, Defendant has agreed that the Plan’s fiduciaries will consider: (a) the lowest-cost share class available for any particular mutual fund considered for inclusion in the Plan as well as other criteria applicable to different share classes; (b) the availability of revenue sharing rebates on any share class available for any particular mutual fund considered for inclusion in the Plan; and (c) the availability of collective trusts, to the extent such investments are permissible and are otherwise identical to a particular mutual fund considered for inclusion in the Plan.

  • DISPUTES SETTLEMENT (1) Should any dispute arise as to the operation of this agreement and the parties are unable to resolve that dispute by amicable negotiation the parties shall refer such dispute to the Industrial Relations Commission for -

  • Non-Application of Dispute Settlement No Party shall have recourse to dispute settlement under Chapter 28 (Dispute Settlement) for any matter arising under this Chapter.

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