Examples of Contingency Fee Fund in a sentence
There shall be a split of the Attorney Fee Fund into the Contingency Fee Fund and the Common Benefit Fund.
Then multiply that percentage by the Contingency Fee Fund to figure each Subdivision’s dollar share of the Contingency Fee Fund (but only if the Subdivision timely named Walgreens in a lawsuit).
In the next step, the Contingency Fee Assumption is used to determine the percentage share of the Contingency Fee Fund due to Attorneys for each Participating Litigating Subdivision.
These calculations are made only for purpose of determining the percentage share of the Contingency Fee Fund that Attorneys for each Participating Litigating Subdivision should receive, not for determining the dollar amount each Subdivision will receive.
The Attorney Fee Fund shall consist of the Contingency Fee Fund and the Common Benefit Fee Fund.
In general terms, allocation of the Contingency Fee Fund shall be made by (1) determining the amount of the Settlement Fund that is attributable to each Participating Litigating Subdivision; (2) making certain adjustments to these amounts based on when the Subdivision filed suit and the terms of the applicable fee contract; and (3) dividing the Contingency Fee Fund proportionately among counsel for each Participating Litigating Subdivision based on the amounts calculated in subpart 2.
If the Litigating Subdivision did not name Xxxxxxxxx in a suit before December 2, 2022, then fees from the Contingency Fee Fund will not be awarded to Attorneys with otherwise Qualifying Representations of that Participating Litigating Subdivision.
The split shall be 40% to the Contingency Fee Fund and 60% to the Common Benefit Fund.
The total maximum amount of the Contingency Fee Fund in the Walgreens Settlement Agreement is $225,493,007.20.11 Allocation of the Contingency Fee Fund shall be made according to the following steps.
To collect a fee award from the Contingency Fee Fund, a Participating Litigating Subdivision must have named Walgreens (or any Released Entity) in its lawsuit.