Examples of Total Settlement Value in a sentence
Pursuant to Federal Rule of Civil Procedure 23(h), Class Counsel may file a motion for an award of attorneys’ fees and litigation expenses relying upon and consisting of some portion of the Total Settlement Value.
The Settling Defendants have agreed to pay $1.725 million in cash into a common Settlement Fund and IVL2 has agreed to make available to the Settlement Class a total of$1,889,420 in Settlement Credits, meaning the Total Settlement Value is $3,621,420.
Thus, the result obtained here through the Settlement bestows a minimum total economic benefit of $32.1 million (the Total Settlement Value) upon the Class;(l) In valuing the result obtained for purposes of determining a reasonable fee to award under the Tenth Circuit’s percentage of recovery method, it is well-established that the fee award should be based on the total economic benefit bestowed on the class.
Argos has agreed not to object to any request for attorney’s fees and expenses not exceeding $3,500,000.00 or 35% of the Total Settlement Value, whichever is greater.
The Settling Defendants have agreed to pay $1.725 million in cash into a common Settlement Fund and IVL2 has agreed to make available to the Settlement Class a total of approximately $1,888,970 in Settlement Credits, meaning the Total Settlement Value is$3,613,970.3 Following the Court’s order granting preliminary approval, the Settling Defendants deposited the Total Settlement Payment into the Escrow Account to create the Settlement Fund.
There are four countries in Latin America which started Micro-Finance Programme with US Aid and World Bank Support.
The MDC further agrees to pay Settlement Class Counsel attorneys’ fees, costs and expenses as awarded by the Court, provided that the attorneys’ fees, costs and expenses allowed by the Court are included in the Total Settlement Value and are subject to the $7,680,000 Total Settlement Value cap, as set forth in ¶ above.
A central indicator of a settlement’s fairness is the significance of the relief it provides— here, the Total Settlement Value is $3,621,420 to resolve this litigation on a classwide basis.
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In this class action Settlement, the Notice and Settlement Website provides that Class Counsel may request an attorneys’ fee award up to one-third the Total Settlement Value, or$1,207,019.