How will Lead Counsel be paid?
Lead Counsel has yet to be compensated for legal services rendered. Lead Counsel is asking the Court to award attorneys’ fees from the Gross Settlement Fund in an amount not greater than twenty percent (20%) of the Gross Settlement Fund and for reimbursement of expenses up to a maximum amount of $100,000, which combined amounts to approximately $0.035 per share. Lead Counsel, without further notice to the Settlement Class, may subsequently apply to the Court for fees and expenses incurred in connection with administering and distributing the Settlement proceeds to Settlement Class Members and any proceedings subsequent to the Settlement Fairness Hearing.
