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IN THE UNITED STATES DISTRICT COURT FOR ... - Cleveland.com

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espective unpaid wages for work performed after September 13, 2009 as calculated by the Department of Labor,<br />

up to a maximum payment of $4,920.50. Ten percent (10%) will be allocated to employees in the Store Manager<br />

Group, who are eligible for a per person payment in the amount of $169.34. Store Managers who fall within<br />

both Groups are eligible for two Individual Payments, one from each category.<br />

The deductions approved by the Court include attorneys’ fees in the amount of 16.66% of the Total Settlement<br />

Amount. (To maximize the Individual Payments to employees, Plaintiffs’ Counsel chose to reduce their<br />

customary attorneys’ fee of 33.33% by one-half). The Court has also approved reimbursements of litigation<br />

expenses of approximately $6,500, and service awards of $2,500 each to the Representative Plaintiffs for their<br />

service in the lawsuits.<br />

In exchange, the InkStop Lawsuits will be dismissed, and participating employees will release all claims for<br />

unpaid wages under the Fair Labor Standards Act as well as state statutes and <strong>com</strong>mon law against InkStop, Inc.<br />

and any related persons and entities including its directors, officers, and employees. The released claims include<br />

any claims that were or could have been made in the InkStop Lawsuits, as well as any claims in the InkStop<br />

bankruptcy.<br />

B. Advantages of the Settlement and Plaintiffs’ Counsel’s Re<strong>com</strong>mendation<br />

Plaintiffs’ Counsel strongly re<strong>com</strong>mend the Settlement. It offers substantial settlement payments to employees,<br />

without the delay, uncertainty, and risk of continuing with the InkStop Lawsuits or awaiting the out<strong>com</strong>e of the<br />

InkStop bankruptcy (which may provide no recovery at all). Before deduction of attorneys’ fees, expenses, and<br />

service awards, participating employees in the Non-Payment Group will recover approximately 97.37% of their<br />

recoverable wages under the Fair Labor Standards Act. The individual payments to the Store Manager Group,<br />

although lower in amount, are fair and equitable considering the less certain nature of their claim for unpaid<br />

overtime <strong>com</strong>pensation.<br />

4. HOW TO RECEIVE YOUR SETTLEMENT PAYMENT<br />

To participate in the settlement, you must <strong>com</strong>plete and return the attached Settlement Form entitled<br />

“Consent to Opt-Into Lawsuit, Release and Dismiss Claims.” You can return the Settlement Form by: (a)<br />

mailing it to Plaintiffs’ Counsel in the enclosed self-addressed and postage-prepaid envelope; (b) faxing your<br />

signed Settlement Form to Plaintiffs’ Counsel at 216-696-7005; or (c) scanning your signed Settlement Form and<br />

emailing it to Plaintiffs’ Counsel at inkstop@lazzarolawfirm.<strong>com</strong>.<br />

5. PAYMENT DATES<br />

There are two payment dates. Eligible employees who returned signed Settlement Forms by the first<br />

deadline, April __, 2010, will receive settlement checks in approximately May, 2010.<br />

<strong>FOR</strong>MS THAT ARE RETURNED BY APRIL ___, 2010 WILL RECEIVE PRIORITY.<br />

The final deadline for returning signed Settlement Forms is June __, 2010. Checks will be mailed at the<br />

conclusion of the case which is anticipated to be August or September 2010.<br />

5. FUR<strong>THE</strong>R <strong>IN</strong><strong>FOR</strong>MATION<br />

Further information about the settlement may be obtained from Plaintiffs’ Counsel:<br />

Jason R. Bristol, Cohen Rosenthal & Kramer LLP Anthony J. Lazzaro, The Lazzaro Law Firm, LLC<br />

216-781-7956 / jbristol@crklaw.<strong>com</strong><br />

216-696-5000 / anthony@lazzarolawfirm.<strong>com</strong><br />

PLEASE DO NOT CONTACT <strong>THE</strong> <strong>COURT</strong>.<br />

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