Settlement Formula. The maximum settlement consideration is Two Million Three Hundred Thousand Dollars ($2,300,000) (the “Gross Settlement Amount”). The portion of the Gross Settlement Amount that is available for payment to Class Members who do not submit a timely and valid Request for Exclusion (“Settlement Class Members”) is referred to as the “Net Settlement Amount.” The Net Settlement Amount will be the Gross Settlement Amount less the following payments which are subject to approval by the Court: (1) Attorneys’ Fees and Costs in an amount not to exceed 35% of the Gross Settlement Amount (i.e., $805,000 of $2,300,000) for attorneys’ fees and an amount not to exceed Fifty Thousand Dollars ($50,000) for reimbursement of reasonable litigation costs and expenses to Class Counsel; (2) Class Representative Enhancement Payment in the amount of Eight Thousand Five Hundred Dollars ($8,500) to Plaintiff for her services in the Action; (3) the amount of Two Hundred Fifty Thousand Dollars ($250,000) that is allocated to penalties under PAGA (“PAGA Penalties”); and (4) Settlement Administration Fees and Costs (which are currently estimated not to exceed $15,000). The PAGA Penalties will be distributed 75% ($187,500) to the Labor and Workforce Development Agency (“LWDA Payment”) and the remaining 25% (i.e., $62,500) will be distributed to Class Members on a pro rata basis based on their Workweeks (“Employee PAGA Amount”). Settlement Class Members will be entitled to receive payment under the Settlement of their share of the Net Settlement Amount (“Individual Settlement Payment”) based on the number of weeks that he or she worked for Defendant as a non- exempt employee in California during the Class Period (“Workweeks”). The Settlement Administrator has divided the Net Settlement Amount by the total number of Workweeks worked by all Class Members to yield the “Workweeks Value,” and multiplied each Class Member’s individual number of Workweeks by the Workweeks Value to yield his or her Individual Settlement Payment. Each Individual Settlement Payment shall be allocated as twenty percent (20%) as wages (“wages portion”), and eighty percent (80%) as penalties, interest, and non-wage damages (collectively, the “non-wage portion”). Settlement Class Members will be issued payment of their Individual Settlement Payment after reduction for required employee-side taxes, contributions, and withholdings with respect to the wages portion of the Individual Settlement Payment. The wages portion will...
Settlement Formula. The total gross settlement amount is Three Hundred Thousand Dollars ($300,000) (the “Gross Settlement Amount”) to be paid by Defendant in two installment payments. The portion of the Gross Settlement Amount that is available for payment to Class Members is referred to as the “Net Settlement Amount.” The Net Settlement Amount will be the Gross Settlement Amount less the following payments, which are subject to approval by the Court: (1) Class Counsel Fees Payment, consisting of attorneys’ fees in an amount up to 35% of the Gross Settlement Amount (i.e., $105,000), and Litigation Expenses Payment consisting of reimbursement of litigation costs and expenses in an amount up to Thirty Thousand Dollars ($30,000) to Class Counsel; (2) Service Payment in an amount up to Seven Thousand Five Hundred Dollars ($7,500) to Plaintiff for his services in the Action; (3) PAGA Payment in the amount of Sixty Thousand Dollars ($60,000); and (4) Settlement Administration Expenses in an amount not to exceed Eleven Thousand Dollars ($11,000) to the Settlement Administrator. Note: A total of Sixty Thousand Dollars ($60,000.00) from the Gross Settlement Amount has been allocated toward penalties under the Private Attorneys General Act (“PAGA Payment”), of which the LWDA will be paid 75% (i.e., $45,000) (“LWDA Payment”) and the remaining 25% (i.e., $15,000) to be distributed on a pro rata basis to PAGA Group Members based on their Workweeks during the PAGA Period (“PAGA Group Member Amount”). Class Members are eligible to receive payment under the Class Settlement of their pro rata share of the Net Settlement Amount (“Individual Settlement Share”) and PAGA Group Members are eligible to receive payment under the PAGA Settlement of their pro rata share of the PAGA Group Member Amount (“Individual PAGA Payment”) based on the number of weeks each Class Member was employed by Defendant as an hourly-paid and/or non-exempt employee in California during the Class Period and the number of weeks each PAGA Group Member was employed by Defendant as a hourly-paid and/or non-exempt employee in California during the PAGA Period (“Workweeks”). The Settlement Administrator has divided the Net Settlement Amount by the Workweeks of all Class Members during the Class Period to yield the “Estimated Workweek Value” and multiplied each Class Member’s individual Workweeks during the Class Period by the Estimated Workweek Value to yield his or her estimated Individual Settlement Share (which is listed in S...
Settlement Formula. The number of registered users at the current month that exceeds 1,000 A Charge standard at the current year for each user B Party A’s proportion in the profit allocation C Total settlement=A*B*C
Settlement Formula. Class Counsel shall calculate the Settlement Shares according to the following process (the “Settlement Formula”):
Settlement Formula. (a) Each Qualified Class Member’s Settlement Share shall be determined according to the formula set forth in Exhibit H as calculated by Class Counsel (in agreeing to this formula, which implements the Parties’ compromise as to the resolution of claims, Bloomberg does not admit that any Class Member’s liability or damages claim has merit).
Settlement Formula. The Total Settlement Amount is Two Million Nine Hundred Thousand Dollars ($2,900,000.00) (the “Total Settlement Amount”). The portion of the Total Settlement Amount that is available for payment to Class Members who do not opt out of this Settlement (“Settlement Class Members”) is referred to as the “Net Settlement Amount.” The Net Settlement Amount will be the Total Settlement Amount less the following payments which are subject to approval by the Court:
Settlement Formula
