- 3 - discouraged in their efforts to obtain the entry level sales position." One year later, the District Court ordered hearings to determine individual liability and damages. The District Court referred the Lawsuit to Judge Eugene Lynch as mediator. After September 24, 1991, under Judge Lynch, State Farm and class action counsel started negotiations to attempt to settle the claims of individual litigants. As a result of the negotiations, a Master Settlement Agreement was reached on January 17, 1992. The agreement provided a formula for the computation of damages that State Farm would offer to each claimant, who was free to accept or reject the offer. On or around January 17, 1992, the District Court provided petitioner with a document entitled "Communication of State Farm's Settlement Offer", accompanied by a "Summary of Terms of State Farm's Settlement Offer", which had been reviewed and approved by Judge Lynch. State Farm offered petitioner $204,523 to release her claims against State Farm. The offer was conditioned upon acceptance of State Farm's offers by at least 87.5 percent of the 821 final claimants represented by class action counsel to whom offers of that type had been extended. The $204,523 represented 37 percent of the full Consent Decree value of petitioner's claim. The offer also provided that petitioner would share in any "incentive cash" payable. This was an additional amount computed under a formula based upon the number of percentage points byPage: Previous 1 2 3 4 5 Next
Last modified: May 25, 2011