Examples of Award to Lead Plaintiffs in a sentence
If you are a Settlement Class Member, you can tell the Court you do not agree with the proposed Settlement, any part of the Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and expenses and application for a Compensatory Award to Lead Plaintiffs.
Also, subject to the Court’s approval, a portion of the Settlement Fund will be used to pay attorneys’ fees with interest and reasonable litigation expenses to Plaintiffs’ Counsel, and any Award to Lead Plaintiffs.
The Court may also decide how much should be awarded to Lead Counsel for attorneys’ fees and expenses and a Compensatory Award to Lead Plaintiffs for their service to the Settlement Class.We do not know how long these decisions will take.
The Settlement Fund shall be the sole source of attorneys’ fees and Litigation Expenses to Plaintiffs’ Counsel (as well as the Reimbursement Award to Lead Plaintiffs) in connection with the Settlement.
The Court may also decide how much should be awarded to Co-Lead Counsel for attorneys’ fees and expenses and a Compensatory Award to Lead Plaintiffs for their service to the Settlement Class.We do not know how long these decisions will take.
If you are a Class Member, you can tell the Court you do not agree with the proposed Settlement, any part of the Settlement, the proposed Plan of Allocation, and/or Co-Lead Counsel’s motion for attorneys’ fees and expenses and application for a Compensatory Award to Lead Plaintiffs.
The request for attorneys’ fees and Litigation Expenses (as well as any Reimbursement Award to Lead Plaintiffs) are to be considered by the Court separately from and independently of the Court’s consideration of the question whether the Settlement is fair, reasonable, adequate and in the best interests of the Settlement Class.
Any Reimbursement Award to Lead Plaintiffs shall be paid at the time the Net Settlement Fund is paid to Authorized Claimants.
Also, subject to the Court’s approval, a portion of the Settlement Fund will be used to pay attorneys’ fees with interest and reasonable litigation expenses to Co-Lead Counsel, and a Compensatory Award to Lead Plaintiffs for their services representing the Settlement Class.
Therefore, Lead Counsel will file a motion asking the Court at the Settlement Hearing to make an award of attorneys’ fees in an amount not to exceed one-third plus interest on the Settlement Amount ($600,000), reimbursement of litigation expenses of no more than $40,000 and Award to Lead Plaintiffs not to exceed $5,000 each, or $10,000 in total.