Examples of Xxxxxxx’x Counsel in a sentence
As a result, Xxxxxxxx Counsel and Xxxxxx Counsel have concluded that this Settlement Agreement is fair, reasonable, and adequate and is in the best interest of the Settlement Class in light of all known facts and circumstances, including the risks associated with the continued prosecution of these costly, complex, and time-consuming lawsuits, the likelihood of success on the merits at trial and thereafter on appeal, and the potential damages at issue.
In consideration for settlement of the Xxxxxxxx and Xxxxxx class actions, State Fund agrees to pay the sum of Sixty-Five million dollars ($65,000,000.00) (“Settlement Fund” or “Settlement Amount”) to be allocated to the Claims Administrator, Xxxxxxxx Counsel, Xxxxxx Counsel, any Named Plaintiffs receiving a Service Payment, and the Settlement Class Members, as described herein.
This Settlement Agreement may not be changed, altered, or modified, except in writing and signed by State Fund, Xxxxxxxx Counsel, and Xxxxxx Counsel, and Named Plaintiffs Xxxxxxx Xxxxxxxx Enterprise, Inc.
If State Fund exercises this right to declare the Settlement Agreement void, it must provide Xxxxxxxx Counsel and Xxxxxx Counsel with written notice of this election no later than ten (10) days before the Final Approval Hearing; provided, however, State Fund will remain responsible for paying all Administrative Costs incurred to that point.
Xxxxxxxx Counsel and Xxxxxx Counsel have vigorously prosecuted the Xxxxxxxx and Xxxxxx class actions since the outset, having conducted an investigation into the facts of the actions and the Settlement Class Members’ claims.
As soon as practicable after execution of this Settlement Agreement, Xxxxxxxx Counsel and Xxxxxx Counsel shall, with the assistance and cooperation of State Fund and its counsel, take all necessary steps to secure the Court’s Final Approval of this Settlement Agreement.
Xxxxxxxx Counsel and Xxxxxx Counsel will also notify counsel for State Fund if they are subpoenaed or receive any other request for documents or information regarding any other action filed or potential action against State Fund or the Released Parties that covers or includes any Settlement Class Members.