Examples of Lead Plaintiff in a sentence
Subject to Court approval, Lead Plaintiff, on behalf of himself and the Settlement Class, has agreed to settle the Action in exchange for a settlement payment of $3,500,000 in cash (the “Settlement Amount”) to be deposited into an escrow account.
Pending final determination of whether the Settlement should be approved, the Court bars and enjoins Lead Plaintiff, and all other members of the Settlement Class, from commencing or prosecuting any and all of the Released Plaintiffs’ Claims against each and all of the Defendants’ Released Parties.
Without further order of the Court, Lead Plaintiff and Defendants may agree to reasonable extensions of time to carry out any provisions of the Settlement.
Promptly upon execution of this Stipulation, Lead Plaintiff will move for 5 preliminary approval of the Settlement set forth in the Stipulation, approval for the mailing of the 6 Notice, approval of the publication of the Summary Notice, certification of the Settlement Class 7 for settlement purposes only, and the scheduling of the hearing for consideration of final approval 8 of the Settlement, which motion shall be unopposed by Defendants.
In addition, Lead Counsel will apply for reimbursement of Litigation Expenses paid or incurred in connection with the institution, prosecution and resolution of the claims against the Defendants, in an amount not to exceed $225,000, which may include an application for reimbursement of the reasonable costs and expenses (including lost wages) incurred by Lead Plaintiff directly related to his representation of the Settlement Class.