Good catch! Yes, that’s a notice of proposed settlement. At that dollar value, the parties have to give notice of the proposed settlement (but not a copy thereof) and a short period for anyone to object. If no one does, they can execute the settlement—I believe without further public notice.
Here, it looks like the proposed settlement is for about 90 percent of the high end of the potential claim value listed.
I have no idea what to make of this legal speak, but just the next memo (number 3746) mentions EV UK and some settlement for $4MM
If anyone can explain what this means that would be great
Good catch! Yes, that’s a notice of proposed settlement. At that dollar value, the parties have to give notice of the proposed settlement (but not a copy thereof) and a short period for anyone to object. If no one does, they can execute the settlement—I believe without further public notice.
Here, it looks like the proposed settlement is for about 90 percent of the high end of the potential claim value listed.