This action has been certified on consent for the purposes of facilitating a settlement negotiated between the parties. The Court will decide whether to approve the settlement at a hearing on October 25, 2023. The settlement will not be effective unless the Court approves it. The Settlement Agreement can be found under Documents.
Under the terms of the Settlement, LifeLabs will pay a guaranteed amount of $4.9M, and up to a further $4.9M, depending upon the number of Class members who make valid claims for compensation.
The amount of compensation that each individual Class member may receive will be dependent upon the number of valid claims made.
Class Counsel’s legal fees and disbursements as approved by the Court will be deducted from the settlement fund before the balance is disbursed to Class member claimants. Class Counsel will be asking the Court to approve payment of its fees equal to 25% of the settlement fund, plus disbursements and taxes.
To learn more about the Settlement, please refer to the Long Form Notice of Settlement Hearing along with the Settlement Agreement under Documents.