Examples of Class Counsel Fees and Costs in a sentence
Payroll tax withholdings and deductions will not be taken from the Class Counsel Fees and Costs Payment, but an IRS Form 1099 will be issued to Class Counsel.
As part of the final approval hearing, Morris Nazarian of the Law Offices of Morris Nazarian; and Judy Sha and Andrew Jaramillo of the Altus Law Firm will request up to $1,283,333 (representing approximately one-third of the Maximum Settlement Amount) for their attorneys’ fees and up to $10,000 for costs incurred in connection with their work in the Action, for a combined Class Counsel Fees and Costs Award not to exceed $1,293,333.
Assuming the Service Award is $15,000, the Class Counsel Fees and Costs Award is $1,293,333, the Settlement Administration Costs are $9,000, and the PAGA LWDA Payment is $7,500, then the Net Settlement Amount shall be $2,525,167.
Not later than 16 Court days before the Final Approval Hearing, or another date to be set by the Court, Plaintiff will file a motion for final approval of the Settlement, award of the Class Representative Payment, award of the Class Counsel Fees and Costs Payment, award of the PAGA Payment, and payment of the Settlement Administrator's reasonable fees and expenses.
A vacation, reversal, or modification of the Court's award of the Class Representative Enhancement Payments, the Class Counsel Fees and Costs Payment, or the portion of the Gross Settlement attributable to the PAGA Payment will not constitute a vacation, reversal, or material modification of the Judgment within the meaning of this paragraph, provided that Xxxxx Rentals' total payment obligation under the Settlement does not exceed the Gross Settlement Amount.
On April 19, 2024, the Court will hold a public hearing in Courtroom A of the Superior Court for the State of California, County of Napa, 825 Brown Street, Napa, CA 94559, for the purposes of determining whether the proposed Settlement is fair, adequate and reasonable and should be approved, whether to approve Class Counsel’s applications for Class Counsel Fees and Costs Award, whether to approve the payments to the LWDA, and whether to approve Plaintiff’s request for a Service Award.
An award by the Court of a lesser amount than that sought by Plaintiff and Class Counsel for the Service Award, Class Counsel Fees and Costs Award, or Settlement Administration Costs will not render the Settlement null and void.
The Net Settlement Amount shall be what remains of the Maximum Settlement Amount after deductions are made for the Plaintiff’s Service Award, the Class Counsel Fees and Costs Award, the Settlement Administration Costs, and the PAGA LWDA Payment.
The Class Counsel Fees and Costs Payment approved by the Court shall be paid by the Settlement Administrator from the Gross Settlement Amount.
To that end, the Parties have agreed that, subject to the entry of the Bankruptcy Approval and Stay Relief Order, the Preliminary Approval Order and the Final Approval Order, Claim No. 3911 filed by Plaintiff in the Delaware Bankruptcy Proceedings shall be reduced and allowed as a non-priority general unsecured claim against NNI in the amount of $400,000 (“Claim No. 3911.02”) plus the amount of the Class Counsel Fees and Costs Claim.