Common Contracts

Contract

Settlement Agreement • October 31st, 2012 • Delaware

• Contract Type
  Settlement Agreement
• Filed
  October 31st, 2012
• Jurisdiction
  Delaware

SETTLEMENT AND RELEASE AGREEMENT (“Agreement”) made subject to approval by the Court, as defined herein, by Plaintiffs Michael and Shellie Gilmor, Michael and Lois Harris, Ted and Raye Ann Varns and Leo E. Parvin (the “Named Plaintiffs”), as the proposed representatives of the “Advanta Settlement Class,” as defined herein, and the AMCUSA Trust (a statutory liquidating trust established under Chapter 38 of title 12 of the Delaware Code, 12 Del. C. §§3801 et seq. and in accordance with the Plan (as defined herein) for the sole purpose of liquidating and distributing the assets of Defendant Advanta Mortgage Corporation of USA “AMCUSA”) and the Trustee for the AMCUSA Trust (collectively (and including AMCUSA) “Advanta”). The Named Plaintiffs, Advanta, and Plaintiffs’ Counsel (as defined herein) are collectively referred to as the “Parties.”