Statement of the Settlement Class’s Recovery. 1. Subject to Court approval, Lead Plaintiffs, on behalf of the Settlement Class, have agreed to settle the Action in exchange for a payment of $5,500,000 (the “Settlement Amount”) to be deposited into an interest-bearing Escrow Account (the “Settlement Fund”). The Net Settlement Fund (as defined below) will be distributed to Settlement Class Members according to the Court-approved plan of allocation. The proposed Plan of Allocation is set forth on pages - below.
Appears in 3 contracts
Samples: Stipulation and Agreement of Settlement, Stipulation and Agreement of Settlement, Stipulation and Agreement of Settlement
Statement of the Settlement Class’s Recovery. 1. Subject to Court approval, Lead Plaintiffs, on behalf of the Settlement Class, have agreed to settle the Action in exchange for a payment of $5,500,000 14,750,000 (the “Settlement Amount”) to be deposited into an interest-bearing Escrow Account (the “Settlement Fund”). The Net Settlement Fund (as defined below) will be distributed to Settlement Class Members according to the Court-approved plan of allocation. The proposed Plan of Allocation is set forth on pages - below.
Appears in 2 contracts
Samples: Stipulation and Agreement, Stipulation and Agreement
Statement of the Settlement Class’s Recovery. 1. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a payment of $5,500,000 1,000,000,000 in cash (the “Settlement Amount”) to be deposited into an interest-bearing Escrow Account escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”). The Net Settlement Fund ) less (as defined belowi) will be distributed to Settlement Class Members according to the Court-approved plan of allocation. The proposed Plan of Allocation is set forth on pages - below.any Taxes; (ii) any Notice and Administration Costs;
Appears in 2 contracts
Samples: buckleyfirm.com, static.blbglaw.com
Statement of the Settlement Class’s Recovery. 1. Subject to Court approval, Lead Plaintiffs, on behalf of the Settlement Class, have agreed to settle the Action in exchange for a payment of $5,500,000 1,250,000 (the “Settlement Amount”) to ), which will be deposited into an interest-bearing Escrow Account and may earn interest (the “Settlement Fund”). The Net Settlement Fund (as defined below) will be distributed to Settlement Class Members according to the Court-approved plan of allocationallocation (the “Plan of Allocation”). The proposed Plan of Allocation is set forth on pages - _ below.
Appears in 2 contracts
Samples: www.shareholdersfoundation.com, vivintsolarclassaction.com
Statement of the Settlement Class’s Recovery. 1. Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a payment of $5,500,000 130,000,000 in cash (the “Settlement Amount”) to be deposited into an interest-bearing Escrow Account escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”). The Net Settlement Fund ) less: (as defined belowi) will be distributed to Settlement Class Members according to the Court-approved plan of allocation. The proposed Plan of Allocation is set forth on pages - below.any Taxes; (ii) any Notice and Administration Costs;
Appears in 1 contract
Samples: securities.stanford.edu