Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead Plaintiff, on behalf of himself and the Settlement Class, has agreed to settle the Action in exchange for a settlement payment of $3,500,000 in cash (the “Settlement Amount”) 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) 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: Stipulation and Agreement of Settlement, Settlement Agreement
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead PlaintiffPlaintiffs, on behalf of himself themselves and the Settlement Class, has have agreed to settle the Action in exchange for a settlement payment of $3,500,000 50,000,000 in cash (the “Settlement Amount”) 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 Expenses3 awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed among members of the Settlement Class 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 - 15-25 below.
Appears in 2 contracts
Samples: Stipulation and Agreement of Settlement, Stipulation and Agreement of Settlement
Statement of the Settlement Class’s Recovery. Subject to Court approval, Lead PlaintiffPlaintiffs, on behalf of himself themselves and the other members of the Settlement Class, has have agreed to settle the Action in exchange for a settlement payment of $3,500,000 20,000,000 in cash (the “Settlement Amount”) to be deposited into an escrow account). The Net Settlement Fund (i.e., the Settlement Amount 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 set forth on pages - 19-26 (Appendix A) below.
Appears in 1 contract
Samples: Settlement Agreement