How will the lawyers and the named plaintiffs be paid?
On or before November 20, 2009, Plaintiffs’ Counsel will file a motion for an award of attorneys’ fees and expenses for Plaintiffs’ Counsel. The motion will be considered by the Court at the Final Approval hearing. Any award of attorneys’ fees and expenses will not exceed $10 million, and will be paid by Expedia in addition to the Settlement Benefits discussed above. The Named Plaintiffs will share in the allocation of Settlement Benefits on the same basis as all other Class Members, except that, in addition, the Named Plaintiffs may each apply to the Court for compensation up to $7,500 as incentive awards in recognition of the benefits each has generated for the Class by coming forward and devoting time and knowledge to the prosecution of this case. The petition for incentive awards will also be considered at the Final Approval hearing, and any such amounts awarded by the Court will be paid by Expedia in addition to the Settlement Benefits discussed above.
IMPORTANT UPDATE: The Court granted final approval of the Settlement on December 1, 2009. However, appeals were filed challenging aspects of the Final Approval Order. Those appeals have now been resolved. Expedia has placed Settlement Credits in the accounts of those automatically eligible to receive them. These Settlement Credits became available for use on June 1, 2010. Expedia Settlement Credit Notice emails were distributed beginning on June 2, 2010. Checks for Class Members who elected to receive and were eligible to receive a Cash Payment were distributed beginning in June, 2010. On or before November 20, 2009, Plaintiffs’ Counsel filed a motion for an award of attorneys’ fees and expenses for Plaintiffs’ Counsel. The motion was considered and approved by the Court at the Final Approval hearing. The attorneys’ fees and expenses award is $10 million, and was paid by Expedia in addition to the Settlement Benefits discussed above. The Named Plaintiffs shared in the allocation of Set
