Assuming that the court approves the maximum lawyers' fee award, shareholders in the settlement class will receive $66.9 million.
The Amsterdam Appeals Court reviews the settlement, class members have a chance to opt out and the agreement has the force of law.
The settlement class is defined as all stockholders at any time between Nov. 25, 2010, the date the transaction was agreed to, and closing regardless of the date of purchase, except for any of the defendant directors and their immediate family.
The automaker will compensate owners for 50 percent of the repair cost "where the settlement class member cannot submit proof that the last two required oil changes prior to the sludge-related problem or engine failure were performed within the recommended time and mileage".
More problematic are "settlement class actions," where lawyers for the plaintiffs and defendant agree beforehand to settle the case as long as the judge approves a class that ropes in all the potential plaintiffs.
Thereafter, for the un-masked areas we calculate the similarity of each image pixel to pre-collected sample points, and only those within certain threshold are treated as the settlement class.
In the e-mail, administrator Rust Consulting lets the concerned parties ("all persons that purchased, directly or indirectly, Yahoo! pay-per-click advertising in the U.S. marketplace") know that the court has granted preliminary approval of the Settlement and has provisionally certified the Settlement Class.
The financial services company said the payment, which totals $46 million after taxes, will be made to members of the settlement class, which consists of all investors in publicly traded securities of Global Crossing or Asia Global Crossing during the period from Feb. 1, 1999, through Dec. 8, 2003.
That GBS 2.0 will take foreign rights holders out of the settlement class does not necessarily mean that Google will no longer scan foreign books.
Under the settlement, class members who had bought a Grand Theft Auto: San Andreas video game with a hidden, sexually explicit easter egg would have received less than $30,000, while the plaintiffs' attorneys would receive $1 million in legal fees.
