-4- the total of the calculated back wages for the class. (10) The sum of the participation allocation, the back wages allocation and the liquidated damages allocation equals each individual’s “Total Recovery.” (11) From the individual’s total recovery the contractual attorney fee is then subtracted. (12) Each individual is then allocated a share of the costs of the litigation based on the same ratio as that person’s total recovery to the total settlement proceeds. That share of the costs is then subtracted. The settlement allocation was approved by the court on January 20, 1995. On January 21, 1995, the plaintiffs entered into a settlement agreement and release. The agreement contains the statement that “All Settlement Proceeds are paid to the Plaintiffs on account of personal injuries”. (Emphasis added). Moreover, the release contains the following paragraph: 3. Release of PayLess by the Plaintiffs In exchange for the payment of the amount set forth in paragraph 7 below * * * Plaintiffs * * * hereby release and discharge PayLess * * * from all actions, claims, or demands for damages, liabilities, costs, or expenses, which the Plaintiffs, individually or collectively, have against PayLess on account of, or in any way arising out of the claims that were asserted or that could have been asserted in the Lawsuit by the Plaintiffs, which Lawsuit is hereby acknowledged as not fully plead, [sic] further including, but not limited to, claims for personal injuries, intentional infliction of emotional distress, negligent infliction of emotional distress, and from all known claims, whether based in tort, statute or contract, which are based in whole or in part, or arise out of, or in any way relate to: (1) the Lawsuit; and (2) anything done or allegedly done by PayLess arising out of, or in conjunction with or relating to, the employment of any and/or all Plaintiffs prior to November 1, 1992 byPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011