-3- plaintiffs explained that the cash settlement was to be distributed as follows: (1) All plaintiffs receive a $1,000.00 allocation, appropriate individuals receive $3,000.00 deposition scheduling allocation, $5,000.00 deposition attending allocation and named plaintiffs receive a $15,000.00 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 plaintiff’s counsel. (4) The hourly rate is determined from PayLess payroll records. (5) All overtime hours and 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 and 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. (8) The individual’s claim is then totaled. (9) The remaining portion of the settlement, that is, the total settlement minus the amount allocated for participation and back wages is apportioned the same ratio as that of each individual’s calculated back wages toPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011