The Administrator has confirmed that the number of Eligible Class Members now exceeds 20,000.
According to the Settlement Agreement, if between 20,000 and 30,000 Eligible Class Members are approved by the Administrator, each Eligible Class Member will receive $25,000 total compensation.
As stipulated by an Order of the Court regarding payment, where more than 20,000 claimants are determined to be Eligible Class Members, the Parties must return to Court to seek an Order regarding the second and final payment to Eligible Class Members.
Counsel is in the process of requesting Court approval to issue a final payment of $4,000 to all Eligible Class Members who have received an interim payment of $21,000.
New Eligible Class Members who are approved by the Administrator, and who have not received the interim payment, can expect to receive a total one-time payment of $25,000.