- 3 - equal to the unpaid overtime compensation, attorney’s fees, and costs. In January 1995, the case settled for a payment of five million dollars, and the plaintiffs submitted a Motion for Judicial Approval of the Class Settlement. In their memorandum in support of the motion, the plaintiffs explained how the cash settlement was to be distributed among the various plaintiffs. The memorandum specifies that the distributions were to be calculated as follows: (1) All plaintiffs receive a $1,000 allocation, appropriate individuals receive $3,000 deposition scheduling allocation and named plaintiffs receive a $15,000 representation allocation. (2) Each individual’s claim is valued based on the fluctuating average workweek calculation. (3) The hours claimed are taken from the interviews of plaintiffs by plaintiffs’s counsel. (4) The hourly rate is determined from PayLess payroll records. (5) All overtime hours an individual claims between two years prior to the consent date and November 1, 1992 are given 95% of calculated value to discount for a potential finding of no liability. (6) All overtime hours an individual claims for the time period between two and three years of their consent date are given 50% of calculated value to discount for a finding of no liability. (7) All overtime hours claimed for the time period between March 8, 1990 and three years prior to an individual’s consent date are given 5% of calculated value to recognize the limited, although existing, possibility that plaintiffs could have recovered for this time period.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011