Statement of the Settlement Class’s Recovery. Subject to Court approval, Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 2 contracts
Samples: Settlement Agreement, Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approvalapproval and satisfaction of other conditions, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 26,000,000 in cash (the “Settlement Cash”) and 1,000,000 shares of Lumber Liquidators common stock (the “Settlement Stock,” and, together with the Settlement Cash, the “Settlement Amount”) to be deposited by Dropbox into an escrow account). The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with to Settlement Class Members according to a Court-approved plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Classallocation. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - __-__ below.
Appears in 1 contract
Samples: Settlement Agreement (Lumber Liquidators Holdings, Inc.)
Statement of the Settlement Class’s Recovery. Subject to Court approval, PlaintiffsLead Plaintiff, on behalf of themselves itself and the Settlement Class, have has agreed to settle the Action in exchange for a settlement payment of $1,375,000 15,000,000.00 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 74,000,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account). The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, Court and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Statement of the Settlement Class’s Recovery. Subject to Court approval, PlaintiffsLead Plaintiff, on behalf of themselves himself and the Settlement Class, have has agreed to settle the Action in exchange for a settlement payment of $1,375,000 13,500,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - in paragraphs 50-68 below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, PlaintiffsLead Plaintiff, on behalf of themselves himself and the Settlement Class, have has agreed to settle the Action in exchange for a settlement payment of $1,375,000 4,650,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of three million seven hundred thousand dollars ($1,375,000 3,700,000.00 USD) in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - 13–14 below.
Appears in 1 contract
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 9,500,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, PlaintiffsLead Plaintiff, on behalf of themselves himself and the Settlement Class, have has agreed to settle the Action in exchange for a settlement payment of $1,375,000 1,900,000.00 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approvalapproval and satisfaction of other conditions, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 26,000,000 in cash (the “Settlement Cash”) and 1,000,000 shares of Lumber Liquidators common stock (the “Settlement Stock,” and, together with the Settlement Cash, the “Settlement Amount”) to be deposited by Dropbox into an escrow account). The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with to Settlement Class Members according to a Court-approved plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Classallocation. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, PlaintiffsLead Plaintiff, on behalf of themselves himself and the Settlement Class, have has agreed to settle the Action in exchange for a settlement payment of $1,375,000 18,650,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 60,000,000 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - below.
Appears in 1 contract
Samples: Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $1,375,000 73,000,000.00 in cash (the “Settlement Amount”) to be deposited by Dropbox into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes1Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation (the “Plan of Allocation”) is set forth on pages - in paragraphs 54-71 below.
Appears in 1 contract