Strathy, J. approved the proposed settlement of the action for $ 11 million, of which $ 7.75 million was designated for class members, and the balance for fees and
disbursements of class counsel and for the costs of administration of the settlement.
Not exact matches
Pursuant to a contingency fee agreement entered into with the representative plaintiffs,
Class Counsel are eligible to recover 30 %
of the settlement fund, plus HST and
disbursements.
Class counsel will also be seeking approval for the payment
of their legal fees and
disbursements from the settlement fund, in accordance with the terms
of their retainer agreement with the representative plaintiff.
In that case, the Court will also determine the amount
of legal fees and
disbursements for
Class Counsel which will be deducted from the total amounts recovered by the
Class.
Class counsel have been retained on a contingency basis, which effectively means that fees and
disbursements will only be paid to
Class counsel in the event
of success.
The proposed representative plaintiffs, proposed
class counsel and Bentham entered into a funding agreement dated August 6, 2017 (the «Funding Agreement») under which Bentham agreed to pay a portion
of the legal fees and
disbursements for the proposed
class action on certain terms.