SUMMARY OF SETTLEMENT. This litigation (the “Action”) is a consolidated class action in which Named Plaintiffs allege that Defendants breached fiduciary duties under ERISA owed to the participants in and beneficiaries of the Plan arising from the Plan’s investments in the Avon Stock Fund, consisting primarily of Avon common stock, during the Class Period. Copies of the Complaint and other documents filed in the Action are available at www.[dedicated settlement website].com or from Class Counsel. A Qualified Settlement Fund consisting of Six Million Two Hundred and Fifty Thousand Dollars ($6,250,000.00) in cash is being established in the Action. The Net Settlement Fund, including accrued interest, after payment of any taxes, expenses, approved attorneys’ fees and costs and a Case Contribution Award to the Named Plaintiffs, will be allocated to Settlement Class members according to a Plan of Allocation to be approved by the Court. STATEMENT OF POTENTIAL OUTCOME OF THE ACTION Plaintiffs face an uncertain outcome if this Action is to continue. Defendants strongly dispute the claims asserted in the Action. If Plaintiffs’ case proceeded to trial, Plaintiffs could receive a judgment or verdict greater or less than $6.25 million, or no recovery at all. Plaintiffs will describe potential outcomes in greater detail, including scenarios under which a recovery in excess of $6.25 million might have been obtained, in their motion papers for Settlement approval; those motion papers will be posted to the Settlement Website at least two weeks before the deadline for objecting, or by no later than . Named Plaintiffs and Defendants disagree on liability, and dispute the amount that would be recoverable even if Plaintiffs were to prevail at trial. Defendants have denied and continue to deny all claims and contentions by Named Plaintiffs. Defendants deny that they are liable to the Settlement Class, and that the Settlement Class or the Plan has suffered any losses or damages for which Defendants could be held legally responsible. Nevertheless, Defendants have considered the uncertainty and risks inherent in any litigation, particularly in a complex case such as this, and have concluded that it is desirable that the Action be fully and finally settled on the terms and conditions set forth in the Settlement Stipulation.
SUMMARY OF SETTLEMENT. A Settlement Fund has been established consisting of a deposit of $10,000,000 (ten million dollars) in cash paid by or on behalf of the Defendants, plus interest earned thereon. The Net Proceeds, which will consist of the Settlement Fund less certain amounts described in the Settlement Agreement, including expenses associated with Class Notice, Court-approved attorneys’ fees and expenses and Case Contribution Awards, taxes and other costs related to the administration of the Settlement Fund and implementation of the Plan of Allocation, will be allocated among the Settlement Class in accordance with the Plan of Allocation to be approved by the Court. (See Question 7 below for details of the Plan of Allocation). The Settlement Class consists of the following persons: (a) all Persons, who have been participants in The Bear Xxxxxxx Companies Inc. Employee Stock Ownership Plan, or the predecessors or successors thereto, at any time between August 1, 2007 and March 20, 2012 and whose accounts included investments in Bear Xxxxxxx stock, and
SUMMARY OF SETTLEMENT. The Settlement provides for changes in the rates and in other rate-related provisions applicable to Texas Eastern’s various services necessary to reflect the increase in Texas Eastern’s cost of service. The Commission last approved Texas Eastern’s open-access transportation and storage rates contained in a settlement reached in Docket No. RP19-343, a general Section 4 rate case proceeding.12 The Settlement is an integrated and comprehensive settlement of this proceeding. The Settlement results in recourse rates that are significantly below the as-filed recourse rates in this proceeding. If approved, the Settlement will resolve the issues set for hearing at a much earlier date than if the Participants fully litigated this case and will result in much earlier payment of refunds. Moreover, the Settlement, if approved, will benefit all Participants by saving valuable time and resources through the discontinuance of the litigation process and will remove the uncertainty involved in fully litigating this case. The following is a brief description of the 10 Texas Eastern Transmission, LP, Order of Chief Judge Designating Settlement Judge, Docket No. RP21-1001 (Nov. 3, 2021). 11 The Participants met for settlement conferences on March 28, 2022; April 14, 2022; May 4, 2022; May 23, 2022; June 1, 2022; June 7, 2022; June 13, 2022; June 21-22, 2022; June 28, 2022; and July 6-7, 2022. 12 Texas Eastern Transmission, LP, 170 FERC ¶ 61,152 (2020). terms of the Settlement. Capitalized terms not otherwise defined herein shall have the meaning set forth for such terms in the Settlement.
SUMMARY OF SETTLEMENT. This litigation (the “Action”) is a class action in which Named Plaintiffs allege that Defendants breached fiduciary duties under ERISA owed to the participants in and beneficiaries of the Plan arising from the Plan’s investments in the IBM Stock Fund, consisting primarily of IBM common stock, during the Class Period. Copies of the operative complaint (the “Complaint”) and other documents filed in the Action are available at www.[dedicated settlement website].com or from Class Counsel.
SUMMARY OF SETTLEMENT. As explained in more detail below, the Settlement resolves the issues set for hearing in the Hearing Order and, among other things, establishes the Base XXX that PPL Electric will utilize in the Formula Rate Template for service provided on and after the refund effective date of May 21, 2020. The Preamble describes the Settling Parties and the effect of the Settlement on Xxxxxx Xx. XX00-00.
SUMMARY OF SETTLEMENT. The Settlement provides that if the Plan has insufficient funds to pay full benefits to Plan Participants at any time in the next fifteen (15) years, MLBH will contribute sufficient funds to make up any shortfall. During the same fifteen-year time period, the Settlement further provides that MLBH will provide participants with summary plan descriptions, summaries of material modifications to the Plan and annual funding notices substantially similar to the documents that are required to be provided by ERISA plans. As with any litigation, the Parties would face an uncertain outcome if the Action were to continue against Defendants. Continued litigation of the Action against Defendants could result in a judgment greater or less than the recovery under the Settlement Agreement, or in no recovery at all. Throughout this Action, the Named Plaintiff and Defendants have disagreed on liability. Defendants, among other things: (1) have denied, and continue to deny, the material allegations of the Complaint; (2) have denied, and continue to deny, any wrongdoing or liability whatsoever; (3) believe that they acted at all times reasonably and prudently with respect to the Plan, its participants and beneficiaries, and the Settlement Class; (4) would assert certain other defenses if this Settlement is not consummated; and (5) are entering into the Settlement solely to avoid the cost, disruption, and uncertainty of litigation. Nevertheless, the Parties have taken into account the uncertainty and risks inherent in this litigation, particularly its complex nature, and have concluded that it is desirable that the Action be fully and finally settled on the terms and conditions set forth in the Settlement Agreement. Please visit [URL] if you have additional questions. BASIC INFORMATION
SUMMARY OF SETTLEMENT. The Settlement provides for changes in the rates and in other rate-related provisions applicable to Maritimes’ various services. The Settlement is an integrated and comprehensive settlement of the proceeding in the above-captioned docket. The Settlement results in recourse rates that are significantly below the as-filed recourse rates in this proceeding. If approved, the Settlement will resolve the issues set for hearing at a much earlier date than if the Participants fully litigated this case, and will result in much earlier payment of refunds. Moreover, the Settlement, if approved, will benefit all Participants by saving valuable time and resources through the discontinuance of the litigation process and will remove the uncertainty involved in fully litigating this case. The following is a brief description of the terms of the Settlement.
SUMMARY OF SETTLEMENT. NutriBullet has agreed to provide: (1) a ten dollar ($10.00) voucher to Settlement Class Members who submit a valid and timely Claim Form; and (2) provide an automatic six (6) month Extended Warranty to all Settlement Class Members. NutriBullet has also agreed to modify its warranty materials, pay a service award to the Class Representative up to $3,000, pay a combined award of attorney’s fees and costs to Class Counsel up to $195,000, and pay Settlement notice and administration costs estimated to be $62,185, subject to Court approval. For complete details of the Settlement, please visit www.[TBD Settlement Website Address].com or call 1-XXX-XXX-XXXX. Am I eligible for the voucher? Each Settlement Class Member who submits a valid and timely Claim Form will receive a $10.00 voucher if the Settlement is finally approved by the Court. Complete details about the voucher are available on the Settlement Website. How do I make a Settlement claim? To make a claim, you must submit a timely and completed Claim Form available at www.[TBD URL].com. Claim Forms submitted online must be submitted no later than 11:59 pm, Pacific Standard Time on [DATE]. Claim Forms submitted by U.S. mail must be postmarked no later than [DATE]. Do I have a lawyer? Yes. The Court has preliminarily appointed Xxxxx Xxxxxxxxxxx and Xxxxx X. Xxxx of Xxxxxxxxx Law Group, APC, and Xxxx Xxxxxxx of Black Oak Law Firm, as Class Counsel. These lawyers will be paid attorneys’ fees and costs by NutriBullet as approved by the Court. You may enter an appearance in the case through your own attorney if you so desire, but it is not required. What options are available to me? Settlement Class Members have four options, indicated below: SUBMIT A CLAIM FORM Submit a claim to the Settlement Administrator using a Claim Form to receive a $10.00 voucher by the deadline of [DEADLINE]. Claim Forms can be obtained or filled-out online at [URL]. Claim Forms may also be mailed to: [ADDRESS]. EXCLUDE YOURSELF You may exclude yourself from the Settlement by the deadline of [DEADLINE], if you do not want to be bound by the Settlement. If you exclude yourself, you cannot receive a $10.00 voucher from this Settlement or a free Extended Warranty, but your right to bring a lawsuit against NutriBullet for the claims alleged in the lawsuit will not be affected by the Settlement. If you do not exclude yourself, and the Settlement is approved, you will waive your right to sue NutriBullet for the claims asserted in the lawsuit...
SUMMARY OF SETTLEMENT. Article I
SUMMARY OF SETTLEMENT. On November 19, 2004, the Class Representatives filed this lawsuit, on behalf of themselves and a class of current and former female sales force employees of Novartis Pharmaceuticals Corporation (“Novartis” or “NPC”), claiming that Novartis discriminated against women in three main respects: (1) pay; (2) promotion to management; and (3) on the basis of pregnancy. The Class Representatives litigated this gender discrimination case against Novartis for nearly six years until the parties reached a final settlement agreement in July 2010. The Settlement makes available settlement benefits of up to $175,000,000 ($175 million) in monetary and non-monetary relief, comprised of a cash payment of up to $152,500,000 ($152.5 million) (the “Settlement Fund”) and of changes to Novartis’s employment practices valued at $22,500,000 ($22.5 million), as described in this Notice. As a former or current female sales force employee, you are eligible to participate in the settlement benefits.
