Big fish games settlement payout date
Juul has faced lawsuits from multiple states over marketing of its products, which it touts as a safer alternative regular tobacco products. Juul Labs admitted no wrongdoing in settling the case and called it “another step in our ongoing effort to reset our company.” The company had stopped all advertising before Brnovich sued and ended sales of all flavored products except menthol. Senate candidate filed in January 2020 against Juul and another maker of electronic cigarettes, alleging they illegally targeted young people in their marketing.Īrizonapreviously obtained a $22.5 million judgment against defunct vaping product maker Eonsmoke but has not and is not likely to collect any of the money. The settlement announced by Attorney General Mark Brnovich Tuesday is the second Juul has reached with state prosecutors.
#BIG FISH GAMES SETTLEMENT PAYOUT DATE PLUS#
Settlement Payment Amounts will be a Settlement Class Member’s Base Payment Amount plus their Supplemental Payment Amount, minus their share of any Fee Award, Incentive Awards, and Settlement Administration Expenses, anticipated not to exceed 30% of the Settlement Amount.PHOENIX (AP) - E-cigarette giant Juul Labs will pay Arizona $14.5 million and vowed not to market to young people in the state to settle a consumer fraud lawsuit.
For example, if valid claims total $77.5 million in Base Payment Amounts (i.e., 50% of the Gross Settlement Fund), then the Supplemental Payment amount of a Settlement Class Member whose Base Payment Amount was $8,273.12 would likewise be $8,273.12 (for a Gross Payment Amount of $16,546.24).
#BIG FISH GAMES SETTLEMENT PAYOUT DATE PRO#
The Supplemental Payment Fund will be apportioned pro rata to each Settlement Class Member who submitted a valid claim, based on the participating Settlement Class Member’s Base Payment Amount. Upon the close of the claims period, the sum of all unclaimed Base Payment Amounts will be considered the Supplemental Payment Fund. Supplemental Payment Amounts will be calculated on a pro rata basis and will depend on Settlement Class Member participation rate in the Settlement. Figure 1 (Non-DRP Claims) Lifetime Spend ($)īy way of example, an individual with Non-DRP Claims and a Lifetime Spending Amount of $40,000 will be entitled to a Base Payment Amount of $8,273.12, calculated as: ((10% of their first $1,000 in spending ) + (17.5% of their next $9,000 in spending () + (30% of their next $30,000 in spending )) * (1 – (75% * 30%)).Īlternately, an individual with DRP Claims and a Lifetime Spending Amount of $40,000 will be entitled to a Base Payment Amount of $5,583.87, calculated as: ((8% of their first $1,000 in spending ) + (12.5% of their next $9,000 in spending () + (20% of their next $30,000 in spending )) * (1 – (75% * 30%)). Settlement Class Members with DRP Claims will be subject to an escalating marginal recovery formula based on the percentages described in Figure 2 below. Settlement Class Members with Non-DRP Claims will be subject to an escalating marginal recovery formula based on the percentages described in Figure 1 below. Each Settlement Payment will be comprised of (1) a Base Payment Amount, (2) plus a Supplemental Payment Amount, (3) minus the Settlement Class Member’s share of any Fee Award, incentive awards to the Class Representatives, and Settlement Administration Expenses.īase Payment Amounts will be calculated by applying an escalating marginal recovery formula to the Settlement Class Member’s Lifetime Spending Amount through and including July 23, 2020, with the portion of the Settlement Class Member’s spending attributable to Platform Provider fees (fixed for settlement purposes as 30% of each Settlement Class Member’s lifetime spending) discounted by 75%.