Contingency Fee Fund definition

Contingency Fee Fund means a sub fund established in a Settlement for the purpose of paying contingency fees, such as the Attorney Fee Fund described in Section I.V of the Settlement with the Settling Distributors and the sub fund of the Attorney Fee Fund described in Section II.D of the Settlement with J&J.1
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Contingency Fee Fund. The sub fund of the Attorney Fee Fund described in Section II.D.
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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 portion of the Contingency Fee Fund that corresponds to that State’s Overall Allocation Percentage, shown in Exhibit F of the relevant Settlement Agreement, to figure each Subdivision’s dollar share of the Contingency Fee Fund (but only for Settling Defendants the Subdivision timely named in a lawsuit).

  • These steps must be performed separately for each Settlement Agreement, and each Defendant is responsible for paying only its share of the Contingency Fee Fund.

  • 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 total amount of the Contingency Fee Fund in the Xxxxxxx Settlement Agreement is $123,076,923.22 More specifically, allocation of each Settling Defendant’s share of the corresponding Contingency Fee Fund shall be made according to the following steps.

  • Each Settling Defendant is responsible only for its own share of payments.20 In other words, to collect a fee award from the Contingency Fee Fund against a Settling Defendant, the Participating Litigating Subdivision must have named the Settling Defendant in its lawsuit.

  • The split shall be 40% to the Contingency Fee Fund and 60% to the Common Benefit Fund.

  • The total amount of the Contingency Fee Fund in the Distributor Settlement Agreement is $516,923,077.21 Amerisource’s share is $160,246,153.97 (31.0%), Cardinal’s share is $159,729,230.89 (30.9%), and McKesson’s share is $196,947,692.46 (38.1%).

  • 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 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.