How will the $295 million Settlement money be allocated to Class Members?
The Settlement provides that $22.5 million will be paid to Direct Purchaser Class Members who submit valid claims, and $272.5 million will be paid to Indirect Purchaser Class Members who submit valid claims. The Settlement also appoints retired U.S. District Court Judge Alfred E. Wolin to oversee the process of determining how to divide the $272.5 million Indirect Purchaser fund between members of the Consumer and Reseller Subclasses. Different lawyers represent the interests of the two Subclasses. These lawyers studied many documents and hired separate expert economists to study the diamond market and to help determine a fair allocation of the $272.5 million. The lawyers and the experts presented their findings to Special Master Wolin.
