THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.00. As discussed separately below, attorneys’ fees and costs, litigation costs, and the costs paid to a third-party Fee Expert and Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class as described in the settlement agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,200,000.00. It will also forgive Uncollected Relevant Fees totaling $625,502.00, as defined in the Settlement Agreement. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing Notice) will be paid out of the Settlement Fund. The Net Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas described in the Settlement Agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,331,000.00 for the class. Defendant will also forgive Uncollected Fees totaling $17,090.00. As discussed separately below, attorneys’ fees of up to one-third (33 1/3 %) of the Value of the Settlement, litigation costs, the service award of $10,000.00 for each Named Plaintiff, and the costs paid to a third party Settlement Administrator to administer the settlement (including sending the Postcard Notices and Email Notices) will be paid out of the Settlement Fund. Once the requested disbursements are approved from the Settlement Fund, the Net Settlement Fund will be divided among all Class Members as follows and based on formulas described in the Settlement Agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $425,000.00. As discussed separately below, attorneys’ fees, litigation costs, and a service award to the Named Plaintiff, will be paid out of this amount. The balance of the Settlement Fund will be divided among all Class Members proportionally. Additionally, Defendant has implemented changes to its disclosures that clarify Defendant’s NSF fee practices and will pay for the costs of notice and administration of the Settlement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,825,000.00. In addition, Defendant has agreed to forgive certain overdraft fees or other amounts that members of the Class owe to Defendant on an account that has been closed within five (5) years prior to the date the Court provided preliminary approval of the settlement through November 30, 2019, as identified by the Parties based on review and analysis of Defendant's reasonably accessible data and information. As discussed separately below, attorneys' fees, litigation costs, and the costs paid to a third-party Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class Members as outlined in the settlement agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $4,750,000.00. In addition, Defendant has agreed to forgive certain uncollected APSN Fees, Retry Fees, or other amounts that remain unpaid on checking accounts that were closed with a negative balance on or before February , 2022, up to a xxxx $1,700,000, as identified by the Parties based on review and analysis of Defendant’s reasonably accessible data and information. As an additional settlement provision, effective as of July 1, 2021, Defendant issued revised disclosures for checking Account holders further clarifying Defendant’s policies with respect to APSN Fees and Retry Fees, the authorization and settlement procedures related to debit card transactions, the processing of items, and the assessment of overdraft fees and nonsufficient funds fees. A true and accurate copy of Defendant’s revised disclosures (the “Revised Disclosures”) are attached as Exhibit 3 to the Settlement Agreement and Release posted on the Settlement Website. Within 15 days after entry of the Preliminary Approval Order, Class Counsel will review Defendant’s Revised Disclosures and will provide, in good faith, additional proposed revisions relating to APSN Fees and Retry Fees that Class Counsel approves of. In the Motion for Final Approval, in the Proposed Final Approval Order, and at the Final Approval Hearing, Class Counsel shall agree and represent that the Revised Disclosures, as supplemented by the revisions recommended by Class Counsel, if any, are approved by Class Counsel as adequate disclosures of APSN Fees and Retry Fees. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third-party Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class Members as outlined in the settlement agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement and how much will I be paid? The total amount of the Settlement Fund is $86,750. If the Court approves the settlement, then:
THE SETTLEMENT PAYMENT. 9. How much is the settlement? Defendant has agreed to create a Settlement Fund of $1,250,000.00. In addition, Defendant has agreed to forgive up to $500 of all amounts any Class Member owes Defendant from deposit accounts that were charged off by Defendant between August 11, 2015 and February 4, 2022, provided that the account is one that was charged one or more insufficient funds or overdraft fees on an item that had previously been charged one or more insufficient funds fee between August 11, 2015 and February 4, 2022. In no event shall the aggregate amount to be forgiven exceed $500 per Class Member. In the event that you have more than one account that is eligible for the forgiveness described in this Section, Defendant will have the sole discretion to determine how to allocate the forgiveness described in this Section between or among your accounts. The total amount Defendant has agreed to forgive is estimated to be approximately $3 million. As discussed separately below, attorneys’ fees, litigation costs, and the costs and fees paid to a third-party Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class Members based on a methodology described in the settlement agreement, which is available on the settlement website (identified below).
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,500,000.00. As discussed separately below, attorneys’ fees, litigation costs, a service award to the Named Plaintiffs, and the costs paid to a third-party Claims Administrator to administer the settlement (including mailing and emailing this Notice) will be paid out of this amount. The balance of the Settlement Fund will be divided among all Class Members on a pro rata basis. Additionally, as a result of this lawsuit, Defendant will implement changes to its practices and disclosures that will eliminate certain overdraft fees and provide clarification of Defendant’s overdraft practices. Defendant shall refund any NSF Fees assessed for one year from the Effective Date of this settlement for any member who contacts Defendant and in any way questions, complains about, or requests an explanation of an NSF Fee assessed for a payment that was rejected and re-submitted for payment.
THE SETTLEMENT PAYMENT. On or prior to the fifth (5th) business day after the Release Effective Date, Web shall pay Debtor the sum of five hundred thousand dollars ($500,000) (the “Settlement Payment”). Such payment shall be made by wire transfer of funds to Debtor’s account in accordance with the following wire transfer instructions or such other wire transfer instructions as may be provided by Debtor to Steel Partners in writing: Bank: PNC Bank, Pittsburgh, PA ABA No.: Beneficiary Name: Reunion Industries, Inc. Beneficiary Account No.:
