Common use of Why is there a Settlement Clause in Contracts

Why is there a Settlement. The Court has not reached a final decision as to all of claims in the Class Action. Instead, the Class Representatives and Defendants have agreed to the Settlement. The Settlement is the product of extensive negotiations between Class Counsel and Defense Counsel during an all-day session with a private mediator, and additional arm’s length negotiations. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Counsel, who are highly experienced in this kind of matter, and the Class Representatives believe that the Settlement is best for all Class Members.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

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Why is there a Settlement. The Court has not reached a final decision as to all of claims in the Class ActionRepresentatives’ claims. Instead, the Class Representatives and Defendants Defendant have agreed to the Settlement. The Settlement is the product of extensive negotiations between Class Counsel and Defense Counsel during Defendant’s counsel, an all-day session with a private mediator, mediator and six months of additional arm’s length negotiations. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representatives and Class Counsel, who are highly experienced in this kind of matter, and the Class Representatives believe that the Settlement is best for all Class Members.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

Why is there a Settlement. The Court has not reached a final decision as to all of claims in the Class ActionRepresentatives’ claims. Instead, the Class Representatives and Defendants have agreed to the Settlement. The Settlement is the product of extensive negotiations between Class Counsel and Defense Counsel during Defendants’ counsel, including an all-day session with a private national mediator, and additional arm’s length negotiations. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representatives and Class Counsel, who are highly experienced in this kind of matter, and the Class Representatives believe that the Settlement is best for all Class Members.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

Why is there a Settlement. The Court has not reached a final decision as to all of claims in the Class ActionRepresentatives’ claims. Instead, the Class Representatives and Defendants Defendant have agreed to the Settlement. The Settlement is the product of extensive negotiations between Class Counsel and Defense Counsel during Defendant’s counsel, an all-day session with a private mediator, and six months of additional arm’s length negotiations. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representatives and Class Counsel, who are highly experienced in this kind of matter, and the Class Representatives believe that the Settlement is best for all Class Members.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

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Why is there a Settlement. The Court has not reached a final decision as to all of claims in the Class ActionRepresentatives’ claims. Instead, after more than eight years of litigation, the Class Representatives and Defendants have agreed to the Settlement. The Settlement is the product of extensive negotiations between Class Counsel and Defense Counsel during an Defendants’ counsel and multiple all-day session sessions with a private mediator, and additional arm’s length negotiations. The parties to the Settlement have taken into account the uncertainty and risks of litigation and have concluded that it is desirable to settle on the terms and conditions set forth in the Settlement Agreement. The Class Representatives and Class Counsel, who are highly experienced in this kind of matter, and the Class Representatives believe that the Settlement is best for all Class Members.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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