Dear Clients:
On August 8, the District Court will have a final hearing to approve the settlement in this case. The last time I checked, there was not one objection to the settlement by any class member.
After this hearing, I anticipate that the Court will formally approve the settlement with a written Order. While I cannot predict when the Judge will do this, he is known for acting quickly in this regard. Technically, 30 days thereafter, payments to all class members should commence. All class members will receive 4 equal, separate payments over a three year period. We have only been able to give you a general formula for how the payments will be calculated.
A company by the name of Rust Consulting will be administering these payments. Amanda Myette (amyette@rustconsulting.com) is our main contact person there. Paul Aloe and I will be available for the duration to handle any issues that may arise.
It has been my privilege to serve you in this matter.
Regards,
Dave Aboulafia
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