GCG

A settlement fund of $100 million in cash ("Initial Settlement Payment"), plus interest ("Gross Settlement Fund"), is being established for the benefit of the Settlement Class. Additional monies are expected to be added to the Gross Settlement Fund from the amounts remaining in Tremont Group Holdings, Inc. after the wind down of its and its subsidiaries' operations ("Remaining Tremont Funds") and pursuant to the Settling Defendants' assignment of certain legal claims (the "Assigned Claims") and litigation interests (the "Fidelity Bond Recovery") as part of the Settlement. 8.2% of the Initial Settlement Payment, the Fidelity Bond Recovery and the Remaining Tremont Funds shall be allocated to the Insurance Subclass and the Individual Settling Insurance Plaintiffs.

Also known as: Tremont Group Holdings, Inc., Tremont International Insurance Limited

Primary location: Dublin United States