These terms and conditions (the "Agreement") govern the settlement between the plaintiffs and the defendant in the class action lawsuit (the "Lawsuit"). Please carefully read the following terms and conditions before participating in the settlement.
1. Definitions
2. Settlement Agreement
By participating in this settlement, all plaintiffs agree to the terms and conditions outlined herein. This Agreement sets forth the terms under which the Lawsuit will be settled.
3. Release of Claims
Upon acceptance of this settlement, each plaintiff hereby releases the defendant and all related individuals, entities, agents, officers, and employees from any and all claims, demands, actions, and causes of action arising out of or in connection with the Lawsuit, up to the date of this settlement. This release is intended to have a broad scope and effect.
4. Confidentiality
All terms of this settlement, negotiations, and any related documents shall remain confidential and shall not be disclosed to any third party except as required by law.
5. Class Members' Rights
All class members have the right to opt-out of this settlement by providing written notice to the Settlement Administrator within a specified timeframe. Opting out will result in a class member not being bound by this Agreement and retaining any rights to pursue individual claims against the defendant.
6. Distribution of Settlement Fund
The Settlement Fund will be used to compensate the class members who do not opt-out of the settlement, as well as to cover legal fees, administrative costs, and any other expenses related to the settlement. The distribution of the Settlement Fund will be determined by the court or Settlement Administrator.
7. Final Approval
This settlement is subject to final approval by the court. In the event that the court does not grant final approval, this Agreement shall be null and void, and the Lawsuit will continue.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which the Lawsuit was filed.
9. Entire Agreement
This Agreement constitutes the entire agreement between the plaintiffs and the defendant, and supersedes all prior discussions, understandings, and agreements, whether written or oral.
10. Amendments
Any amendments or modifications to this Agreement must be made in writing and signed by all parties.
By participating in this settlement, each plaintiff acknowledges having read and understood this Agreement, and agrees to be bound by its terms and conditions.
This document is for informational purposes only and should not be considered legal advice. Please consult with an attorney before making any legal decisions.