Examples of Federal Lead Counsel in a sentence
Federal Lead Counsel and State Lead Counsel shall also have the right, but not the obligation, to advise the Claims Administrator to waive what Federal Lead Counsel and State Lead Counsel deem to be de minimis or formal or technical defects in any Proof of Claim and Release submitted.
Thereafter, any balance not economically feasible to otherwise distribute which still remains in the Net Settlement Fund shall be donated to a 501(c)(3) non-profit organization selected by, and unaffiliated with, Federal Lead Counsel and State Lead Counsel, subject to approval by the Court.
Notwithstanding the foregoing, Federal Lead Counsel and State Lead Counsel shall have the discretion (but not an obligation) to accept late-submitted claims for processing by the Claims Administrator so long as the distribution of the Net Settlement Fund to Authorized Claimants is not materially delayed thereby.
At or after the Settlement Hearing, Federal Lead Counsel and State Lead Counsel also will request that the Court approve the proposed Plan of Allocation and the Fee and Expense Application.
If there is any balance remaining in the Net Settlement Fund after a reasonable period of time after the date of the initial distribution of the Net Settlement Fund, Federal Lead Counsel and State Lead Counsel shall, if feasible, reallocate (which reallocation may occur on multiple occasions) such balance among Authorized Claimants in the manner described in the Plan of Allocation.
No order of the Court or modification or reversal on appeal of any order of the Court concerning the Plan of Allocation, or any attorneys’ fees, expenses, and interest awarded by the Court to Federal Lead Counsel or State Lead Counsel, or any other plaintiff’s counsel, or any order of the Court or State Court concerning the amount of any service award, shall operate to terminate or cancel this Stipulation or constitute grounds for cancellation or termination of the Stipulation.
The range of eligible activities is more fully explained in Technical Bulletin #2 attached hereto.
The Claims Administrator, under such supervision of Federal Lead Counsel and State Lead Counsel, as necessary, shall notify, in a timely fashion and in writing, all claimants whose claims the Claims Administrator proposes to reject in whole or in part for curable deficiencies, setting forth the reasons therefor, and shall indicate in such notice that the claimant whose claim is to be rejected has the right to a review by the Court if the claimant so desires and complies with the requirements of ¶6.7 below.
Within ten (10) business days of issuance of an order by the Court finally approving the Settlement , the Company shall make the Fee Award payment into a mutually agreeable escrow account, with F5 and Federal Lead Counsel as signatories to the account (the “Fee Account”).
Federal Lead Counsel is also mindful of the inherent problems of proof and possible defenses to the claims asserted in the Federal Action.