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 $219 million in cash (the “Settlement Amount”) that has been or will be deposited 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 Taxes, (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 attached to this Notice as the Appendix.
Appears in 2 contracts
Samples: www.genworthsecuritiessettlement.com, securities.stanford.edu
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 $219 million 30,000,000 in cash (the “Settlement Amount”) that has been or will to be deposited 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 Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court; and (e) any other costs or fees approved 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 attached to this Notice hereto as the Appendix.Appendix A.
Appears in 2 contracts
Samples: www.saxenawhite.com, www.jamesriversecuritieslitigation.com
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead PlaintiffsPlaintiff, on behalf of themselves itself and the Settlement Class, have has agreed to settle the Action in exchange for a settlement payment of $219 million 82,500,000 in cash (the “Settlement Amount”) that has been or will to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon while in escrow (the “Settlement Fund”) less (ai) any Taxes, Taxes and Tax Expenses; (bii) any Notice and Administration Costs, ; (ciii) any Litigation Expenses Expenses, including any reimbursement of costs and expenses to Lead Plaintiff, awarded by the Court, ; and (div) 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 attached to this Notice hereto as the Appendix.Appendix A.
Appears in 1 contract
Samples: Stipulation and 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 $219 million 95,000,000 in cash (the “Settlement Amount”) that has been or will to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less less: (ai) any Taxes, ; (bii) any Notice and Administration Costs, ; (ciii) any Litigation Expenses awarded by the Court, and ; (div) any attorneys’ fees awarded by the Court; and (v) any other costs or fees approved 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 attached to this Notice hereto as the Appendix.Appendix A.
Appears in 1 contract
Samples: securities.stanford.edu
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 $219 million 18,250,000 in cash (the “Settlement Amount”) that has been or will to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less less: (ai) any Taxes, ; (bii) any Notice and Administration Costs, ; (ciii) any Litigation Expenses awarded by the Court, and ; (div) any attorneys’ fees awarded by the Court; and (v) any other costs or fees approved 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 attached to this Notice hereto as the Appendix.Appendix A.
Appears in 1 contract
Samples: www.saxenawhite.com