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.
Appears in 1 contract
Samples: Settlement Agreement
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.00437,500.00. As discussed separately below, attorneys’ fees and costsfees, litigation costs, the service award, and the costs paid to a third-party Fee Expert and Settlement Administrator to administer the settlement Settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Net Settlement Fund will be divided among all Settlement Class as Members entitled to Settlement Class Member Payments based on formulas described in the settlement agreementSettlement Agreement.
Appears in 1 contract
Samples: Settlement Agreement and Release
THE SETTLEMENT PAYMENT. 9. How much is the Settlementsettlement? Defendant has agreed to create a Settlement Fund of $3,050,000.003,055,616.00. It will also forgive Uncollected Fees totaling $1,007,548. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and the costs paid to a third-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 Net Settlement Fund will be divided among all Settlement Class as Members entitled to Settlement Class Member Payments based on formulas described in the settlement agreementSettlement Agreement.
Appears in 1 contract
Samples: Settlement Agreement and Releases
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.004,250,000.00. It will also forgive Uncollected Fees totaling approximately $1,497,792, as defined in the Settlement Agreement. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and the costs paid to a third-third- party Fee Expert and Settlement Administrator to administer the settlement Settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Net Settlement Fund will be divided among all Settlement Class as Members entitled to Settlement Class Member Payments based on formulas described in the settlement agreementSettlement Agreement.
Appears in 1 contract
Samples: Settlement Agreement and Releases
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.001,653,000.00. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and the costs paid to a third-party Fee Expert and Settlement Administrator to administer the settlement Settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Net Settlement Fund will be divided among all Settlement Class as Members entitled to Settlement Class Member Payments based on formulas described in the settlement agreementSettlement Agreement.
Appears in 1 contract
Samples: Settlement Agreement and Releases
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.00249,500.00. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and the costs paid a service award to a third-party Fee Expert and Settlement Administrator to administer the settlement (including mailing and emailing this notice) Plaintiff, will be paid out of the Settlement Fundthis amount. The balance of the Settlement Fund will be divided among all Class as described in Members proportionally. Costs to administer the settlement agreement(including mailing and emailing this Notice) will be paid separately by Defendant.
Appears in 1 contract
Samples: Settlement Agreement and Release
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.001,500,000.00, and change its practices regarding the Relevant Fees going forward. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and the costs paid to a third-third- party Fee Expert and Settlement Administrator to administer the settlement Settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Net Settlement Fund will be divided among all Settlement Class as Members entitled to Settlement Class Member Payments based on formulas described in the settlement agreementSettlement Agreement.
Appears in 1 contract
Samples: Preamble
THE SETTLEMENT PAYMENT. 98. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.00110,000.00. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and a service award to the costs paid to a third-party Fee Expert and Settlement Administrator to administer the settlement (including mailing and emailing this notice) Named Plaintiff, will be paid out of the Settlement Fundthis amount. The balance of the Settlement Fund will be divided among all Class Members proportionally. Additionally, as described in the settlement agreementa result of this lawsuit, Defendant has implemented changes to its disclosures that clarify Defendant’s NSF and Overdraft fee practices.
Appears in 1 contract
Samples: Settlement Agreement
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.001,137,000.00. In addition, Defendant has agreed to forgive certain Uncollected Fees, as defined in the Settlement Agreement, in an approximate amount of $542,000. As discussed separately below, attorneys’ fees and costsfees, litigation costs, and the costs paid to a third-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.
Appears in 1 contract
Samples: Settlement Agreement and Release
THE SETTLEMENT PAYMENT. 98. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.00745,000.00. As discussed separately below, attorneys’ fees and costsfees, litigation costscosts and a service award to the Named Plaintiff, 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 Fundthis amount. The balance of the Settlement Fund will be divided among all Class Members proportionally. Additionally, as described in the settlement agreementa result of this lawsuit, Defendant has implemented changes to its disclosures that clarify Defendant’s NSF and OD fee practices.
Appears in 1 contract
Samples: Settlement Agreement
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.005,500,000.00. As discussed separately below, attorneysany court-awarded Service Awards, Attorneys’ fees Fees and costs, litigation costsCosts Payment, and the costs paid to a third-party Fee Expert and Settlement Administrator to administer the settlement (including mailing and emailing this notice) Administration Costs 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.
Appears in 1 contract
Samples: Class Action Settlement Agreement