On July 24, 2013, Class Counsel filed a Quarterly Disbursement Report with the Court for the Second Quarter of 2013, as required by the Settlement Agreement.
The report describes how much money has been paid out of the settlement fund, and to whom, for purposes of administering the settlement.
How much money is flying out the door now?
Not nearly as much as the $2,750,137.79 disbursed in the First Quarter.
In the Second Quarter of 2013, Class Counsel only disbursed $315.00 in Settlement funds for purposes of implementing the Settlement Agreement.
From this total:
JAMS, the group of Neutrals, was paid a total of $315.00 for charges associated with the adjudication of Track B claims.
If only $315 has been disbursed in the last 3 months, what has everyone been doing?
To date, the total amount of the Settlement Fund that has been disbursed for implementation of the Settlement Agreement is $21,372,357.24.
The total dollar amount of awards distributed through 6/30/13 is $0.00.