Common Contracts

SETTLEMENT AGREEMENT AND RELEASE

Settlement Agreement • April 22nd, 2022 • Arkansas

• Contract Type
  Settlement Agreement
• Filed
  April 22nd, 2022
• Jurisdiction
  Arkansas

This Settlement Agreement and Release (“Agreement” or “Settlement Agreement”) is entered into by and between Simmons Bank (“Defendant” or “Simmons,” as defined herein), and Danny L. Walkingstick and Whitnye A. Fort (collectively, “Plaintiffs,” as defined herein), both individually and on behalf of the Settlement Class (as defined herein), subject to the Court’s preliminary and final approval as required by Rule 23 of the Federal Rules of Civil Procedure. As provided herein, Simmons, Class Counsel (as defined herein) and Plaintiffs 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 Order and Judgment, all claims of the Settlement Class against Simmons in the action currently pending in the United States District Court for the Western District of Missouri as Walkingstick v. Simmons Bank, Case No. 6:19-cv-03184-RK (the “Litigation”), shall be settled, compromised, and dismissed upon the terms a