SETTLEMENT AGREEMENT AND RELEASESettlement Agreement • November 22nd, 2024
Contract Type FiledNovember 22nd, 2024This Settlement Agreement and Release (“Agreement” or “Settlement Agreement”) is entered into by and between Provident Bank, (“Provident Bank,” “Provident,” or “Defendant,”), on the one hand, and Judy Collins (“Collins” or “Plaintiff”), both individually and on behalf of the Settlement Class (as defined herein), on the other hand, subject to the Court’s preliminary and final approval as required by Rule 4:32- 2 of the New Jersey Rules of Court. As provided herein, Provident, Class Counsel (as defined herein), and Plaintiff hereby stipulate and agree that, in consideration of the promises and covenants set forth in this Agreement and upon entry by the court of a Final Approval Order and Judgment of Dismissal (as defined herein), all claims of the Settlement Class against Provident in the action currently pending in the Superior Court of New Jersey, Hudson County, as Judy Collins v. Provident Bank, Case No. HUD-1429-22 (the “Litigation”), shall be settled, compromised, and dismissed upon