Who pays the attorneys fees and costs?
No Class Member’s recovery will be reduced to pay attorneys’ fees. In addition to payment to Class members, Defendants have agreed to pay Class counsels’ attorneys’ fees in an amount equivalent to 13% of the actual claims paid during the life of the Settlement. Of this amount, Defendants have agreed to pay Class counsel an initial, advance payment of attorneys’ fees of $1.7 million. Defendants also have agreed to pay Class counsel’s costs incurred in this litigation, in an amount not to exceed $75,000.00. These agreements on fees and costs are subject to Court approval. Unlike many settlements, this Settlement does not deduct attorneys’ fees or costs from the class benefit, and Class members have no responsibility to pay any hourly or contingent fees to Class counsel.
