MRMastermind Research·Issuer EventsIndependent独立
Conduent's proposed settlement: gross funding and unresolved net cost
- Conduent's October 16 filing describes a proposed $80 million aggregate settlement obligation; monitoring, administration and counsel costs share that fund.
- The agreement requires funding within 14 days after preliminary approval, not 14 days after signing.
- Proposed documented-loss recoveries are capped at $3,500 per eligible claimant; no payment is established.
- Counsel may request up to 34% of the fund as fees plus reasonable costs, subject to court approval; this is not an awarded fee.