In July 2010, the company passed one billion game downloads from its online portal. In 2009, it announced the opening of their new European headquarters in Cork, Ireland.
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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.The company was founded in 2002. Fee Award, Incentive Awards, and Settlement Administration Expenses.Regardless of Settlement Class Member participation rates, the sum of Base Payment Amounts and Supplemental Payments Amounts will equal the Settlement Fund ($155 million). Gross Payment Amounts are subject to the deductions described in Section (3). Alternately, and again 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 $5,583.87 would likewise be $5,583.87 (for a Gross Payment Amount of $11,167.74). 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 $16,546.24).
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The Supplemental Payment Fund will be apportioned pro rata to each Settlement Class Member who submitted a valid claim, based on the participating Settlement Class Member’s Base Payment Amount. Upon the close of the claims period, the sum of all unclaimed Base Payment Amounts will be considered the Supplemental Payment Fund. Supplemental Payment Amounts will be calculated on a pro rata basis and will depend on Settlement Class Member participation rate in the Settlement. Figure 1 (Non-DRP Claims) Lifetime Spend ($)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%.