Settlement Administrator’s Review of Claims. The Settlement Administrator will track claim forms with unique security identifiers or control numbers issued to the Low-Balance Settlement Subclass Members and, among other things, check that each claim has a valid security code or control number. The Settlement Administrator shall examine each claim form and determine whether the claim form constitutes an Approved Claim, which is a claim form that: (a) is submitted in accordance with the directions accompanying the claim form and the provisions of this Agreement; (b) is submitted to the Settlement Administrator by the Claim Deadline as established by the Court’s preliminary approval order; (c) contains all of the information requested in the Claim Form; (d) appears to be accurately, fully, and truthfully completed based on the information reasonably available to the Settlement Administrator; (e) is not duplicative of another claim regarding the same account, and (f) is executed by a Low-Balance Settlement Subclass Member, with either a physical signature or electronic signature, subject to the penalty of perjury. If competing claims are submitted for any given account, the Settlement Administrator shall seek further evidence from those claimants and decide which one should receive the settlement check. The Settlement Administrator has the authority to allocate a settlement check among such claimants as it deems appropriate under the facts and circumstances. If any discrepancy or issue is noted by The Settlement Administrator that would trigger a refusal to issue a check, The Settlement Administrator shall notify the claimant and attempt to cure. The Settlement Administrator will use adequate and customary procedures and standards to prevent the payment of fraudulent or invalid claims. Such procedures will include, without limitation: (a) screening for duplicate claims; (b) reviewing claims for evidence of fraud or deficiency; and (c) reviewing claims that appear to be incomplete, untruthful, or inaccurate. The Settlement Administrator shall have the right to audit claims and may request additional information from claimants. The Settlement Administrator will reject any claim where there is evidence of fraud and will advise the Parties. Provided that the Settlement Administrator complies with its obligations to review in good faith any objections raised by the Parties pursuant to Paragraph 57(d) below, the decision of the Settlement Administrator as to the validity of claims is final and binding.
