Class Settlement Procedures Sample Clauses

The Class Settlement Procedures clause outlines the steps and requirements for resolving claims on behalf of a group of individuals in a class action lawsuit. It typically details how class members are notified, the process for submitting claims or objections, and the scheduling of fairness hearings to approve the settlement. This clause ensures that all affected parties are treated fairly and that the settlement process is transparent and orderly, ultimately facilitating efficient resolution of large-scale disputes without the need for individual lawsuits.
Class Settlement Procedures. 52. Plaintiffs shall file with the Court a motion for preliminary approval of the Settlement (“Motion for Preliminary Approval of the Settlement”), along with this Agreement and all exhibits hereto, and move for entry of the Preliminary Approval Order, which Order shall be substantially in the form attached hereto as Exhibit 4. 53. Solely for purposes of the Settlement, Plaintiffs will request as part of the Preliminary Approval Order and Final Approval Order that the Court: (a) approve the terms of the Agreement as fair, adequate, and reasonable; (b) certify this Action as a class action pursuant to Rules 23(a), (b)(3), and (e) of the Federal Rules of Civil Procedure and approve the definition of the Settlement Class; (c) appoint Plaintiffs to serve as the Settlement Class Representatives; (d) appoint Plaintiffs’ Counsel to serve as Settlement Class Counsel pursuant to Rule 23(g) of the Federal Rules of Civil Procedure; (e) approve the appointment of ▇▇▇▇▇ Settlement Administration as Settlement Administrator; (f) approve the form and content of the Notices; (g) approve the procedures for Settlement Class Members to exclude themselves from the Settlement Class or to object to the Settlement; (h) stay the Action pending Final Approval of the Settlement; and (i) schedule a Final Approval Hearing for a time and date mutually convenient for the Court, Settlement Class Counsel, and Defendants’ Counsel. 54. For purposes of this Settlement only, Plaintiffs and Defendants agree to ask the Court to certify the following “Settlement Class” under Rules 23(a), (b)(3), and (e) of the Federal Rules of Civil Procedure: All persons in the United States who, between September 1, 2018, and September 1, 2024, 1) were sent a “marketing”* text message from Defendants, 2) thereafter responded with the word “stop” or the equivalent, and 3) thereafter received a marketing text message from Defendants. * Marketing means offering or advertising the commercial availability or quality of any property, goods, products, or services. The following are excluded from the Settlement Class: (1) the trial judge presiding over this Action; (2) Defendants, as well as any parent, subsidiary, affiliate, or control person of Defendants, and the officers, directors, agents, servants, or employees of Defendants;
Class Settlement Procedures. The events set forth in this Section III, in addition to the occurrence of the "Effective Date" as described in Section I, are conditions precedent to this Agreement becoming effective.
Class Settlement Procedures 

Related to Class Settlement Procedures

  • Settlement Procedure 4.1. The Client has the right to withdraw his/her own funds which are not encumbered with deposit obligations or Commission payments in case of Copy Trading. 4.2. Money transfers are made within 1-3 banking days. 4.3. Money transfer can be deferred by the Company for the period of 14 working days in exceptional cases requiring verification of compliance of trading and non-trading operations conducted by the Client with the terms and conditions of this Agreement. If such situation occurs, Company shall immediately notify Client by e-mail specified in the Client Profile. The Client has the right to request the status of the verification process only by contacting Trading operations department by e-mail at: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 4.4. The Client’s payment instruction received, the amount to withdraw is deducted from the 4.5. In case of return of funds, the Client pays transfer fees. 4.6. The Client gives all instructions related to deposits and withdrawals of funds from the account through the Client's Profile in the order determined by the algorithm of Client's Profile operation. 4.7. The Company corrects balances in the accounts with a fixed negative value in the “Balance” column in the trading terminal on the 1st of each month. Correction (setting to zero) of trading accounts shall be applied solely to those accounts in which no trades are conducted at the moment of correction, i.e. no active open trading positions are present (pending orders will not be considered). Bonus funds are deducted from the “Credit” column with the comment “bonus_out (negative balance)”. At the same time, funds in the amount equal to the negative balance value are put into the account with the comment “Zero Balance Correction”. 4.8. The Client can withdraw funds from his/her account using any payment system which is accessible in the Client’s Profile. 4.8.1. If funds withdrawal is made via electronic payment systems, the withdrawal is possible only to the same system and with the same payment details within the system that were used to top up the trading account, and in same currency in which the deposit was made. If the account was topped up by different ways, in various currencies and using different payment details, withdrawals should be made proportionally. 4.8.2. If the Client’s payment details within the payment system are changed for some reason, the Client shall notify the Company by sending an email to the financial department with a photo where the Client is holding an ID close to his/her face attached. Otherwise, the Company reserves the right to deny funds withdrawal by use of new payment details. 4.9. Deposit of Client’s funds can be made by any methods available on the Company’s site. 4.9.1. The Client acknowledges that in case of software failure there can be delays in depositing funds in his/her trading account. 4.9.2. The Company undertakes to deposit funds in the Client’s trading account in case of any software failure resulting in delay in automated deposit provided that the Company was informed about the delay by the Client. 4.10. The Company doesn’t charge any deposit or withdrawal fees from Clients’ trading accounts. 4.11. The Client understands and accepts the fact that his/her money withdrawal request may be declined, and money will be retransferred to the Client’s account if the Client did not provide necessary identification information (copy of ID document, bank card or any other documents required by the Company based on the AML policy) upon the Company’s request via the Client’s Profile within 7 (seven) business days following the request. 4.12. The Client agrees that the Company may accept and make payments through payment agents. In particular, Skrill and Neteller payments are processed through LiteFinance Consulting Limited registered at ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇ 11 1 AA, Gibraltar, and acting as a payment agent of LiteFinance Global LLC.