Full opinion text
ORDER AND REASONS [Granting Final Approval of the Economic and Property Damages Settlement Agreement] CARL BARBIER, District Judge. I. Factual and Procedural History On April 20, 2010, a blowout, explosion, and fire occurred aboard the Deepwater Horizon, a semi-submersible offshore drilling rig, as it was engaged in drilling activities on the “Macondo Well” on the Outer Continental Shelf off the coast of Louisiana. These events led to eleven deaths, dozens of injuries, and a massive discharge of oil into the Gulf of Mexico that continued for nearly three months. On August 10, 2010, the Judicial Panel on Multidistrict Litigation (“JPML”) centralized all federal actions (excluding securities suits) in this Court pursuant to 28 U.S.C. § 1407. Eventually, hundreds of cases with thousands of individual claimants would be consolidated with this Multidistrict Litigation. On October 19, 2010, the Court issued Pretrial Order No. 11, Rec. Doc. 569 (“PTO No. 11”), creating pleading bundles for various types of claims. Relevant here is the “B1 bundle,” which encompasses all private claims for economic loss and property damage. In accordance with PTO No. 11, the PSC filed the B1 Master Complaint on December 15, 2010, Rec. Doc. 879, and a First Amended B1 Master Complaint on February 9, 2011, Rec. Doc. 1128. Numerous Defendants filed motions to dismiss the First Amended B1 Complaint. On August 26, 2011, the Court issued an Order and Reasons granting in part and denying in part these motions. Rec. Doc. 3830. BP subsequently answered the First Amended Complaint on September 27,2011. Rec. Doc. 4130. On September 14, 2011, the Court issued Amended Pretrial Order No. 41 (Case Management Order No. 3), governing the scope and structure of Transocean’s Limitation of Liability trial. Rec. Doc. 4033. Phase One of the trial, originally scheduled to commence on February 27, 2012, would address “issues arising out of the conduct of various parties, third parties, and non-parties allegedly relevant to the loss of well control at the Macondo Well, the ensuing fire and explosion on the MODU DEEPWATER HORIZON on April 20, 2010, and the sinking of the MODU DEEPWATER HORIZON on April 22, 2010, and the initiation of the release of oil from the Macondo Well or DEEPWATER HORIZON during those time periods.” Id. at 2. Following the JPML’s centralization order, the parties engaged in an extraordinary amount of discovery within a compressed time period to prepare for the Phase One Trial. This included taking 311 depositions, producing approximately 90 million pages of documents, and exchanging more than 80 expert reports on an intense and demanding schedule. Depositions were conducted on multiple tracks and on two continents. Discovery was kept on course by weekly discovery conferences before Magistrate Judge Shushan. The Court also held monthly status conferences with the parties. In February 2011, settlement negotiations began in earnest for the proposed Economic and Property Damages Settlement (sometimes referred to as “Settlement Agreement” or “Settlement”). Talks intensified in July 2011, occurring on an almost-daily basis. In late 2011, Magistrate Judge Shushan became involved in the negotiations as neutral mediator. The parties report that over 145 day-long, face-to-face negotiation meetings took place, in addition to numerous phone calls and ‘WebEx Conferences.” On February 26, 2012, the eve of the Limitation and Liability Trial, the Court adjourned proceedings for one week to allow the parties to make further progress on their settlement talks. Rec. Doc. 5887. On March 2, 2012, the Court was informed that BP and the PSC had reached an Agreement-in-Principle. Consequently, the Court adjourned Phase One of the trial, because of the potential for realignment of the parties in this litigation and substantial changes to the current trial plan. Rec. Doc. 5955. The parties continued to work on finalizing the details of the Settlement. On March 8, 2012, at the parties’ request, the Court entered an order creating a process to facilitate the transition from the Gulf Coast Claims Facility (“GCCF”) to the Court-supervised settlement program envisioned by the Settlement. Rec. Doc. 5995. The order also appointed a Transition Coordinator and Claims Administrator. The Transition Process concluded on June 4, 2012 (although processing of some claims continued for some time after-wards) and ultimately paid approximately $405 million on nearly 16,000 claims. Rec. Doc. 7900 at 4; Monger Decl. ¶ 26. The Court also appointed a neutral party to preside over the seafood component of the Settlement. Rec. Doc. 5998. On April 16, 2012, the PSC filed a new class action complaint to serve as the vehicle for the proposed Settlement. See No. 12-970, Bon Secour Fisheries, Inc., et al. v. BP Exploration & Production Inc., et al. The Settlement Agreement was completed, signed, and filed into the Court’s record on April 18, 2012. Rec. Doc. 6276. That same day, the parties filed a joint motion for preliminary approval of the Settlement Agreement. Rec. Doc. 6266. The PSC simultaneously moved for preliminary and conditional class certification. Rec. Doc. 6269. The following week, BP filed a conditional non-opposition to the PSC’s class certification motion. Rec. Doc. 6348. On April 25, 2012, the Court held a preliminary approval hearing. See Minute Entry, Rec. Doc. 6366. On May 2, 2012 the parties filed a joint motion to approve a slightly amended Settlement Agreement. See Rec. Doc. 6414. On May 2, 2012, the Court granted the joint motion, preliminarily approved the Settlement Agreement, and preliminarily and conditionally certified the class for purposes of settlement only. See Rec. Doc. 6418 (“Preliminary Approval Order”). The Preliminary Approval Order also approved the Class Notice and Class Notice Plan proposed by the parties, and appointed Hilsoft Notifications as Class Notice Administrator. See Rec. Doc. 6418 at 36-39. Hilsoft Notifications thereafter implemented the Notice Program, which was substantially completed by July 15, 2012, allowing class members adequate time to make decisions before the objection (Sept. 7) and op-out (Nov. 1) deadlines. The Preliminary Approval Order also scheduled a Final Fairness Hearing for November 8, 2012. On August 13, 2012, BP moved for final approval of the Settlement Agreement. Rec. Doc. 7114. That same day, Class Counsel filed a memorandum seeking final approval of the Settlement Agreement and final class certification, which the Court has treated as a motion for final approval and final class certification. Rec. Doc. 7104. The Court received oppositions from objectors, which were filed into a special docket, No. 10-7777. BP and Class Counsel filed replies to these objections. Rec. Docs. 7731, 7727. On September 11, 2012, the Court issued an order governing the conduct of the Final Fairness hearing. See Rec. Doc. 7358. In accordance with common practice and authority, the Court decided to “limit presentations by any objector on the grounds of being duplicative, cumulative, or because the objection was adequately covered in written submissions,” and “issue a supplemental order prior to the hearing designating objectors to be heard.” Id. at 4. These procedures were designed to enable the Court to obtain the benefit of the widest spectrum of objections without duplication and best inform its independent judgment of the Settlement’s fairness, adequacy, and reasonableness under Rule 23(e) standards and the Fifth Circuit’s Reed factors. On November 1, 2012, the Court issued a supplemental order designating representative counsel to present argument on certain topics. See Rec. Doc. 7819. The Court then presided over a fairness hearing held on November 8, 2012. See generally Rec. Doc. 7900; Nov. 8 Fairness Hr’g Tr., Rec. Doc. 7892. The Court has reviewed and considered all arguments. II. Overview of the Settlement The proposed Settlement resolves certain claims for economic loss and property damage resulting from the “Deepwater Horizon Incident.” If final approval is granted, then, in exchange for the remedies summarized below, BP would obtain a broad classwide release as well as a signed Individual Release from each claimant that accepts a payment pursuant to the Settlement Agreement. An unusual feature of the Settlement Agreement, however, is that class members have been able to submit claims and receive payments prior to the Court’s grant of final approval, provided that they sign an individual release. To effectuate the settlement, Class Counsel seek to certify a class pursuant to Federal Rule 23(a) and (b)(3) for settlement purposes only. The putative class consists of private individuals and businesses defined by (1) geographic bounds and (2) the nature of their loss or damage. Both criteria must be met in order for the person or entity to be within the settlement class. Claims of non-class members are unaffected by the settlement. Where a class member has multiple claims, some falling within the Settlement and some outside the Settlement, the latter are unaffected by the Settlement. The geographic bounds of the Settlement are Louisiana, Mississippi, Alabama, and certain coastal counties in eastern Texas and western Florida, as "well as specified adjacent Gulf waters and bays. Generally, “[t]o be a class member, an individual within the geographic area must have lived, worked, or owned or leased property in the area between April 20, 2010, and April [16], 2012, and businesses must have conducted activities in the area during that same time frame.” Klonoff Deck ¶ 20. The Settlement recognizes six categories of damage: (1) specified types of economic loss for businesses and individuals, (2) specified types of real property damage (coastal, wetlands, and real property sales damage), (3) Vessel of Opportunity Charter Payment, (4) Vessel Physical Damage, (5) Subsistence Damage, and (6) the Seafood Compensation Program. These categories are further discussed below. The class definition also contains specific exclusions. For example: Some entities and individuals are excluded altogether (i.e., the Court, employees of BP, and those who opt out). Other exclusions are based on the substantive nature of the business (i.e., financial institutions, certain types of funds, financial trusts, and other financial vehicles, gaming industry, insurance entities, oil and gas industry, defense contractors, and real estate developers). Also excluded are certain defined government organizations as well as persons or entities who released their claims through the GCCF. Id. Bodily injury claims, BP shareholder claims, Moratoria Losses (claims for losses caused by the federal moratoria on offshore permitting and drilling activities imposed after the oil spill), and claims relating to menhaden (or “pogy”) fishing are also expressly excluded. With the exception of the Seafood Compensation Program, there is no cap on the amounts that may be paid under the Settlement Agreement. The Seafood Compensation Program features a guaranteed $2.3 billion fund; i.e., $2.3 billion will be distributed to claims in this fund. Many damage categories are augmented by risk transfer premiums (“RTP”). The RTP compensates class members for potential future loss, as well as pre-judgment interest, any risk of oil returning, any claims for consequential damages, inconvenience, aggravation, the lost value of money, compensation for emotional distress, liquidation of legal disputes about punitive damages, and other factors. The Settlement is implemented by the Deepwater Horizon Court Supervised Settlement Program (“Settlement Program”), which commenced operations on June 4, 2012. The Settlement Program calculates awards using public, transparent frameworks that apply standardized formulas derived from generally accepted and common methodologies. This level of transparency permits class members to understand how their claims will be evaluated under the Settlement. It also ensures that similarly situated class members are treated similarly. The Settlement Program employs specialists in a variety of fields to ensure that awards are calculated accurately, and internal audits further ensure accuracy. The Settlement Program is extensive. It consists of the Court-appointed Claims Administrator, Patrick Juneau, and his staff of 25 people, who in turn employ five Claims Vendors employing more than 3,200 people working in locations throughout the country. Its headquarters in Louisiana and nineteen Claims Assistance Centers located throughout the Gulf increase its accessibility to class members. Its web site(www.deepwaterhorizonsettlements. com) offers comprehensive information about the Settlement and how to submit claims forms. Claims guides, claims forms, and Frequently Asked Questions have been posted in multiple languages on this web site and have been updated to reflect common questions regarding the Settlement. A multilingual toll-free hotline is also available. Claimants are able to submit claims over the Internet, in person, by mail, or by fax. The Settlement Agreement provides for internal appellate review of claims determinations by members of an Appeals Panelist Pool appointed by the Court. Class members may appeal denials for insufficient documentation, as well as any final determination made in their cases. BP may only appeal where an individual claimant is awarded more than $25,000 in base compensation. The Settlement Program and Claims Administrator are subject to this Court’s continuing and exclusive jurisdiction. As of December 11, 2012, 91,902 claim forms have been submitted to the Settlement Program. See Claims Admin. Status Report No. 4, Rec. Doc. 8068 at 1. As of that date, the Settlement Program has reviewed and issued notices on 50,505 of those claims forms. Id., app’x A at 4. 18,332 of those notices stated that the claimant was eligible for payment and made payment offers totaling approximately $1.377 billion. Id. at 4 & app’x A at 4. This amount does not include the approximately $405 million in payments made under the Transition Process. Rec. Doc. 7900 at 4. Turning to the enumerated damage categories, the frameworks for Business Economic Loss Claims are tailored to various types of businesses; in addition to general Business Economic Loss, there are frameworks for Multi-Facility Businesses, Failed Businesses and Failed Start-Up Businesses, and Start-Up Businesses. With respect to general Business Economic Loss (Exhibits 4A-4E of the Settlement Agreement), that framework is derived from recognized and accepted methodologies applied in evaluating business economic loss claims. Specifically, it uses a well-established two-step “before and after” method: Step 1 provides compensation for the reduction in variable profit between the Compensation Period and the Benchmark Period, and Step 2 provides compensation for increased profits that reasonably could have been expected to be generated in 2010 but for the spill. The Compensation Period is any period of three or more consecutive months from May through December 2010; the same months are used for the Benchmark Period. For the Benchmark Period, the class member may choose to use (i) the selected months from 2009; (ii) the average of the selected months in 2008 and 2009; or (iii) the average of the selected months in 2007, 2008, and 2009. Step 2 applies a growth factor to account for lost growth potentially due to the spill. Growth is calculated by considering (i) an assumed growth factor of 2% (General Adjustment Factor) and (ii) actual growth reflected in historical revenue trends prior to the spill (Claimant-Specific Growth Factor). These factors are summed and the result, up to a maximum of 12%, is applied to earnings over six or more months during the Benchmark Period to determine the incremental revenue that would have been generated during the Compensation Period but for the spill. That incremental revenue is then multiplied by the claimant’s Variable Margin in the Benchmark Period. An RTP is applied to the loss calculated using the two-step method. Compensation is offset by any payments received by the claimant from BP or the GCCF. Some business claimants must demonstrate that the spill caused their losses. In many other cases causation is presumed. The Settlement Agreement presumes causation for certain industries more likely to have been affected by the spill; the businesses that benefit from the presumption are the businesses that could most likely prove causation in litigation. The documents required to support Business Economic Loss Claims are typically required to calculate business economic loss; they are the documents that businesses either keep in the ordinary course or that may readily be prepared from a business’s books and records. Other frameworks apply for Multi-Facility Businesses (Exhibit 5 to the Settlement Agreement), Failed Businesses and Failed Start-Up Businesses (Exhibit 6), and Start-Up Businesses (Exhibit 7). The Individual Economic Loss Framework (Exhibits 8A-8E to the Settlement Agreement) calculates the difference between expected earnings during a claimant-selected Benchmark Period, or 90 or more consecutive days during the claimant selected Base Years with the claimant’s actual earnings during the comparable 90- or-more-day period between April 21, 2010, and December 31, 2010 (except for certain Seafood Industry claimants for whom the end date is April 21, 2011). The Individual Economic Loss Framework is flexible in addressing lost earnings claims by numerous types of individual claimants — people who changed jobs, people with multiple jobs, people with seasonal jobs, individual periodic vendors, festival vendors, and people who were offered and accepted employment but had their offer revoked. Compensation available under the Individual Economic Loss Framework includes lost earnings, RTPs, lost benefits, qualified training costs, qualified job search costs, and one-time non-recurring event commission compensation. Most Individual Economic Loss claimants may choose their 90-or-more-day Benchmark Period from among the same choices available to Business Economic Loss claimants: 2009, the average of 2008 and 2009, or the average of 2007, 2008, and 2009. The claimant-selected 90-or-more-day period is compared to the identical period in the Compensation Period. An assumed Growth Factor is applied to Benchmark Period earnings to calculate Expected Earnings. A Claimant-Specific Growth Factor is calculated for claimants with sufficient documentation, and claimants lacking such documentation are granted a presumed growth factor of either 2% or 3.5%. Depending upon the documentation that claimants can provide, they are grouped into one of four categories. The documents are typically required to calculate any economic loss, are relevant to analysis of causation and damages, and are the types of documents that should be kept by or are readily available to individuals. The Settlement Agreement is flexible in allowing even individuals who lack tax documentation or pay period documentation of earnings to rely on sworn written statements. Causation is presumed for claimants who work in certain geographies and/or industries, whereas other claimants must demonstrate that their loss was due to the spill, in which case multiple causation options are available. For most individual claimants, compensation awards are increased by an RTP, the amount of which is determined by the industry of the individual’s employer and the geographic zone in which it is located. Awards are offset by any earnings from a job forming the basis of a particular claim, as well as other earnings. Where claimants worked additional hours to compensate for a lower wage rate, the claimants are compensated under the Settlement for that extra effort. Property damage is compensated under three frameworks: Coastal Real Property Damage (Exhibits 11A-11C to the Settlement Agreement), Wetlands Real Property Damage (Exhibits 12A-12D), and Real Property Sales Damage (Exhibits 13A-13B). Many of the geographic boundaries governing eligibility for these frameworks are defined by reference to the Shoreline Cleanup Assessment Team (“SCAT”) line. SCAT is based on specific, well-defined, written procedures that provide scientific data on the presence, extent, and duration of observed shoreline oiling. The Coastal Framework compensates owners and long-term lessees of shoreline properties within a specified Zone who may have experienced temporary inconvenience or partial interruption in their ability to fully enjoy their respective beach areas between April 20 and December 31, 2010. The Coastal Real Property Claim Zone includes properties located along the Gulf Coast shoreline where oil was observed or where Unified Command monitored for the presence of oil. Parcels inadvertently excluded or miselassified can be included if relevant documentation is provided. For each eligible property, the 2010 appraised value of the property is multiplied by a property tax rate of 1.18 percent, and the claimant is paid 30, 35, 40, or 45 percent of this base compensation amount depending upon whether oil was observed on the property and whether the property shoreline includes environmentally sensitive areas. Base compensation is increased by the RTP of 2.5. The Coastal Framework also provides compensation for physical damage to real or personal property located on an eligible parcel where such physical damage occurred in connection with response cleanup operations that were consistent with the National Contingency Plan or specifically ordered by the Federal On-Scene Coordinator or delegates thereof (e.g., physical damage to landscaping or a dock caused by a vehicle, machinery or equipment in use for cleanup operations). The Wetlands Framework provides compensation to owners of Louisiana wetlands properties within a specified Zone to both account for the presence of oil on their properties and for any temporary or partial inconvenience or interruption to their ability to enjoy their property as a result of the spill and cleanup operations. The framework includes areas where oil was observed (“Category A”) and areas where no oil was observed (“Category B”). Parcels in Category A receive base compensation of (i) $25,000 for every acre of Oiled Primary Area (extending 50 feet inland); (ii) $10,000 for every acre of Buffer Area (extending 30 feet further inland); and (in) $11,000 for every acre of Non-Oiled Primary Area (extending 30 feet inland from SCAT zones that do not contain the presence of oil). An RTP of 2.5 also applies. As a result, parcels in Category A are guaranteed a minimum payment of $122,500. Category B parcels receive $4,500 for every acre of Non-oiled Primary Area. With the RTP of 2.5, this guarantees a minimum payment of at least $15,750. The Wetlands Framework also provides compensation for physical damage to real or personal property located on an eligible parcel where such physical damage occurred in connection with response cleanup operations that were consistent with the National Contingency Plan or specifically ordered by the Federal On-Scene Coordinator or delegates thereof, with the exception of any damage claimed for intrusion of oil, dispersant or other substances onto the eligible parcel. The Real Property Sales Framework compensates owners of residential properties along the shoreline within a specified Zone that were monitored for oil following the spill and who sold their homes during the period from April 21 to December 31, 2010. Eligible claimants are compensated 12.5 percent of the sale price. With respect to Vessels of Opportunity (“VoO”) Charter Payment, all Working VoO Participants receive at least $41,600 in compensation, with the amount increasing depending on the size of the boat. Working VoO Participants who also will receive economic loss compensation that directly involves the use of their VoO vessel (except in the case of payments under the Seafood Compensation Program) will have their economic loss compensation partially reduced by the VoO Earned Income Offset and the VoO Settlement Payment Offset. VoO participants who were never placed on hire to perform actual services on the water will be entitled to receive up to $10,200, with no offset, even if such “Non-Working VoO Participants” will also receive an award under the Seafood Compensation Program. VoO claims, because they involved one-time service agreements and thus do not involve future risk that the same course of dealings will be repeated, are not eligible for an RTP. The Vessel Physical Damage Framework (Exhibit 14) allows vessel owners whose vessels were physically damaged as a result of the oil spill or cleanup operations to recover the lesser of the costs necessary to conduct a reasonable repair or replace the vessel. Vessels are eligible even if they did not participate in the VoO program; the only vessels that may not recover are those that were both (i) working for an Oil Spill Response Organization or an Oil Spill Removal Organization at the time of the physical injury and (ii) were not participating in the VoO Program. No RTP is applied to this category of claims. The Subsistence Framework (Exhibit 9) defines “Subsistence Claimant” as a person who fishes or hunts to harvest, catch, barter, consume or trade Gulf of Mexico natural resources, in a traditional or eustomary manner, to sustain basic personal or family dietary, economic security, shelter, tool or clothing needs, and who relied upon such subsistence resources that were diminished or restricted in the geographic region used by the claimant due to or resulting from the spill. The Settlement permits recovery for loss of subsistence use consistent with any closures or impairments to geographic areas relied on by the claimant through 2011. An RTP is applied to the award. Because members of subsistence communities may have limited access to the Internet, translators, and legal services, the parties agreed to a structure in which there is a Court-Appointed Distribution Agent who works under the direction of the Claims Administrator and who has a dedicated team that maintains a presence in the geographic areas where subsistence claimants live so as to assist those claimants in completing forms and collecting supporting documentation, confirm the eligibility status of claimants, conduct interviews, and apply the compensation formula. Under the $2.3 billion Seafood Compensation Program (“SCP”), Commercial Fishermen, Seafood Boat Captains, all other Seafood Crew, Oyster Leaseholders, and Seafood Vessel Owners will be compensated for economic loss claims relating to Seafood, including shrimp, oysters, fin-fish, blue crab, and other species. The Seafood Compensation Program (Exhibit 10) uses a bottom-up mode of awarding compensation; thus, fishermen with higher benchmark earnings receive higher compensation awards. The SCP is expected to pay out an initial $1.9 billion in compensation to class members, leaving a $400 million reserve to be distributed in a second round. The guaranteed total of $2.3 billion allocated to the SCP represents approximately five times the annual average industry gross revenue for 2007 to 2009 of the Seafood industry in the region covered by the Settlement Agreement. $2.3 billion also represents 19.2 times lost industry revenue in 2010, according to the evidence provided. The SCP does not involve a “limited fund” with no ability for class members to opt out. The general approach of the SCP for vessel owners and lessees and boat captains follows six basic steps: (i) Claimants establish baseline revenue prior to the spill; (ii) baseline revenue is adjusted for price increases that might have occurred in the absence of the spill, yielding adjusted revenue; (iii) non-labor variable costs are deducted from adjusted revenues to arrive at net revenues; (iv) net revenue is multiplied by the loss percentage, to yield base compensation; (v) base compensation for vessel owners and captains is calculated by including an additional factor that reflects the relevant share of vessel income earned by each party; and (vi) base compensation is augmented by the addition of an RTP multiplier to arrive at final compensation. There are Species-Specific Compensation Plans for Shrimp, Oysters, Finfish, and Blue Crab/Other Seafood, which address claims by vessel owners and lessees, boat captains, oyster leaseholders, and finfish Individual Fishing Quota or “IFQ” holders. A different plan applies to Seafood Crew. RTPs in the SCP range from 2.25 to 9.75. Seafood Crew generally receive a lower RTP (2.25) than vessel owner and captains, because Seafood Crew have invested less human and financial capital in commercial fishing and the barriers to entry are not as significant. The Settlement has several other unique provisions that are favorable to claimants. The Settlement Agreement purports to assign certain of BP’s spill-related claims against Transocean and Halliburton to the class. Any common benefit Class Counsel fees and costs awarded by the Court will not be deducted from Class Members’ recoveries, but will be paid by BP in addition to other class benefits. BP has agreed to pay for the cost of notice to class members and the costs of the Settlement Program administration. BP has agreed to create a $57 million fund, to be administered by the Claims Administrator, to promote tourism and the seafood industry in the Gulf Coast. There are also several “claimant friendly” procedures within the Settlement Program. For example, Section 4.3.7 provides that the Settlement Program shall work with Economic Class Members (including individual Economic Class Members’ counsel and Class Counsel) to facilitate Economic Class Members’ assembly and submission of Claims Forms, including all supporting documentation necessary to process Claim Forms under the applicable Claims Process. The Settlement Program ... shall use its best effort to provide Economic Class Members with assistance, information, opportunities and notice so that the Economic Class Member has the best opportunity to be determined eligible for and receive the Settlement Payment(s) to which the Economic Class Member is entitled under the terms of the Agreement. Some claimants are eligible for reimbursement of their reasonable and necessary accounting fees related to preparation of their claim. In addition, Business Economic Loss claimants that lack monthly financial statements and are unwilling to have them prepared may submit their contemporaneous business records as “alternate source documents” to the Settlement Program, which will prepare the financial statements needed to process the claim. Section 4.3.8 of the Settlement Agreement further provides, with respect to claimants asserting Economic Damage claims, that The Claims Administration Vendors shall evaluate and process the information in the completed Claim Form and all supporting documentation under the terms in the Economic Damage Claim Process to produce the greatest ECONOMIC DAMAGE COMPENSATION AMOUNT that such information and supporting documentation allows under the terms of the ECONOMIC DAMAGE CLAIM FRAMEWORK. Thus, the Settlement Agreement assures that even if such claimants do not select the Benchmark Period or Compensation Period most favorable to them, the Settlement Program will do so on their behalf so that they obtain the maximum recovery permitted under the Settlement. Also, the Settlement Program does not draw any negative inference from the fact that a claim was previously denied by the GCCF. Outside the SCP, the deadline to submit claims is April 22, 2014, or six months after the Effective Date, whichever occurs later. This is more than a year beyond the expiration of the statute of limitations for most OPA claims arising out of the spill. The deadline for filing SCP claims is within 30 days of court approval of the Settlement. The SCP is the only portion of the Settlement that anticipates a second-round distribution to eligible claimants. The second-round distributions cannot be made until all claims are processed, and the 30-day claim-filing deadline from final approval of the Settlement by the Court enables prompt second-round distributions to claimants while providing class members with sufficient time to submit Seafood claims. III. Legal Standards A. Class Certification Rule 23 of the Federal Rules of Civil Procedure provides, in pertinent part: (a) Prerequisites. One or more members of a class may sue or be sued as representative parties on behalf of all members only if: (1) the class is so numerous that joinder of all members is impracticable; (2) there are questions of law or fact common to the class; (3) the claims or defenses of the representative parties are typical of the claims or defenses of the class; and (4) the representative parties will fairly and adequately protect the interests of the class. (b) Types of Class Actions. A class action may be maintained if Rule 23(a) is satisfied and if: (3) the court finds that the questions of law or fact common to class members predominate over any questions affecting only individual members, and that a class action is superior to other available methods for fairly and efficiently adjudicating the controversy. The matters pertinent to these findings include: (A) the class members’ interests in individually controlling the prosecution or defense of separate actions; (B) the extent and nature of any litigation concerning the controversy already begun by or against class members; (C) the desirability or undesirability of concentrating the litigation of the claims in the particular forum; and (D) the likely difficulties in managing a class action. Fed.R.Civ.P. 23(a), (b)(3). “Subdivisions (a) and (b) focus court attention on whether a proposed class has sufficient unity so that absent members can fairly be bound by decisions of class representatives.” Amchem Prods., Inc. v. Windsor, 521 U.S. 591, 621, 117 S.Ct. 2231, 138 L.Ed.2d 689 (1997). However, when “[c]onfronted with a request for settlement-only class certification, a district court need not inquire whether the case, if tried, would present intractable management problems, see Fed. Rule Civ. Proc. 23(b)(3)(D), for the proposal is that there be no trial. But other specifications of the Rule — those designed to protect absentees by blocking unwarranted or overbroad class definitions — demand undiluted, even heightened, attention in the settlement context.” Id. at 620,117 S.Ct. 2231. Rule 23(a) contains an implied requirement that the class be adequately defined and clearly ascertainable by reference to objective criteria. Union Asset Mgmt. Holding A.G. v. Dell, Inc., 669 F.3d 632, 639 (5th Cir.2012); In re Fosamax Prods. Liab. Litig., 248 F.R.D. 389, 395 (S.D.N.Y.2008). In order to stratify Rule 23(a)(l)’s numerosity requirement, the mover typically must show that joinder is impracticable through some evidence or reasonable estimate of the number of purported class members. Pederson v. La. State Univ., 213 F.3d 858, 868 (5th Cir.2000). Commonality under Rule 23(a)(2) requires “that all of the class member’s claims depend on a common issue of law or fact whose resolution ‘will resolve an issue that is central to the validity of each one of the [class member’s] claims in one stroke.’ ” M.D. ex rel. Stukenberg v. Perry, 675 F.3d-832, 840 (5th Cir.2012) (quoting Walr-Mart Stores, Inc. v. Dukes,U.S. -, 131 S.Ct. 2541, 2551, 180 L.Ed.2d 374 (2011)) (emphasis omitted). Thus, classwide proceedings must have the ability “to generate common answers apt to drive the resolution of the litigation.” Walr-Mart, 131 S.Ct. at 2551. However, “even a single common question will do.” Id. at 2556 (quotations, brackets, and citations omitted). “The focus in the settlement context should be on the conduct (or misconduct) of the defendant and the injury suffered as a consequence.” In re Heartland Payment Sys., Inc. Customer Data Sec. Breach Litig., 851 F.Supp.2d 1040, 1053 (S.D.Tex.2012) (citation and quotations omitted). The typicality requirement under Rule 23(a)(3) is not demanding; “[i]t focuses on the similarity between the named plaintiffs’ legal and remedial theories and the theories of those whom they purport to represent.” Mullen v. Treasure Chest Casino, LLC, 186 F.3d 620, 625 (5th Cir.1999), abrogated in part by, Wal-Mart, supra, as recognized in M.D. ex rel. Stukenberg, 675 F.3d at 839-40. “Typicality does not require a complete identity of claims. Rather, the critical inquiry is whether the class representative’s claims have the same essential characteristics of those of the putative class. If the claims arise from a similar course of conduct and share the same legal theory, factual differences will not defeat typicality.” James v. City of Dallas, 254 F.3d 551, 571 (5th Cir.2001), abrogated in part by, Wal-Mart, supra, as recognized in M.D. ex rel. Stukenberg, 675 F.3d at 839-40; see also Mullen, 186 F.3d at 625 (“Any variety in the illnesses the Named Plaintiffs and the class members suffered will not affect their legal or remedial theories, and thus does not defeat typicality.”). Courts have held that “[t]he major concern under Rule 23(a)(3) is if unique defenses against a named. plaintiff threaten to become the focus of the litigation,” and that the key to the typicality inquiry is “whether a class representative would be required to devote considerable time to rebut the Defendants’ claims.” In re Enron Corp. Secs. Litig., 529 F.Supp.2d 644, 674 (S.D.Tex.2006) (citation and quotation omitted). Rule 23(a)(4)’s adequacy requirement “encompasses class representatives, their counsel, and the relationship between the two.” Berger v. Compaq Computer Corp., 257 F.3d 475, 479 (5th Cir.2001). Thus, “the adequacy requirement mandates an inquiry into [1] the zeal and competence of the representatives’ counsel and [2] the willingness and ability of the representatives to take an active role in and control the litigation and to protect the interests of the absentees.” Id. (citations, quotations, and alterations omitted). Finally, “ ‘[t]he adequacy inquiry also serves to uncover conflicts of interest between the named plaintiffs and the class they seek to represent.’ ” Id. at 479-480 (quoting Amchem, 521 U.S. at 625, 117 S.Ct. 2231). Under Rule 23(b)(3), “common questions must predominate over any questions affecting only individual members; and class resolution must be superi- or to other available methods for the fair and efficient adjudication of the controversy. In adding ‘predominance’ and ‘superiority’ to the qualification-for-certification list, the Advisory Committee sought to cover cases in which a class action would achieve economies of time, effort, and expense, and promote uniformity of decision as to persons similarly situated, without sacrificing procedural fairness or bringing about other undesirable results.” Am-chem, 521 U.S. at 615, 117 S.Ct. 2231 (citations, quotations, and alterations omitted). The predominance inquiry ordinarily “requires the court to assess how the matter will be tried on the merits, which ‘entails identifying the substantive issues that will control the outcome, assessing which issues will predominate, and then determining whether the issues are common to the class.’ ” In re Wilborn, 609 F.3d 748, 755 (5th Cir.2010) (quoting O’Sullivan v. Countrywide Home Loans, Inc., 319 F.3d 732, 738 (5th Cir.2003)). “[C]ommon issues must constitute a significant part of the individual cases.” Mullen, 186 F.3d at 626. This is a matter of weighing, not counting, issues. Id. As mentioned above, the Court heed not consider whether the class action would create intractable management problems. B. Settlement Evaluation Proponents of a class settlement must show by a preponderance of the evidence that the settlement is “fair, reasonable, and adequate.” Fed.R.Civ.P. 23(e)(2); Wineland v. Casey’s Gen. Stores, Inc., 267 F.R.D. 669, 676 (S.D.Iowa 2009). The Fifth Circuit has articulated six factors to guide a court’s review of whether a settlement is fair, reasonable, and adequate: (1) the existence of fraud or collusion behind the settlement; (2) the complexity, expense, and likely duration of the litigation; (3) the stage of the proceedings and the amount of discovery completed; (4) the probability of plaintiffs’ success on the merits; (5) the range of possible recovery; and (6) the opinions of the class counsel, class representatives, and absent class members. Reed v. General Motors Corp., 703 F.2d 170, 172 (5th Cir.1983). C. Notice Criteria Where parties seek certification of a settlement class pursuant to Rule 23(b)(3) and approval of a settlement pursuant to Rule 23(e), notice of the class settlement must meet the requirements of both Rule 23(c)(2)(B) and Rule 23(e)(1). In re Certainteed Roofing Shingle Prods. Liab. Litig., 269 F.R.D. 468, 480 (E.D.Pa.2010); accord In re Serzone Prods. Liab. Litig., 231 F.R.D. 221, 231 (S.D.W.Va.2005); see also Manual for Complex Liti gation 4th § 21.633 (2004) (“For economy, the notice under Rule 23(c)(2) and the Rule 23(e) notice are sometimes combined.”). Rule 23(c)(2)(B) states: For any class certified under Rule 23(b)(3), the court must direct to class members the best notice that is practicable under the circumstances, including individual notice to all members who can be identified through reasonable effort. The notice must clearly and concisely state in plain, easily understood language: (i) the nature of the action; (ii) the definition of the class certified; (iii) the class claims, issues, or defenses; (iv) that a class member may enter an appearance through an attorney if the member so desires; (v) that the court will exclude from the class any member who requests exclusion; (vi) the time and manner for requesting exclusion; and (vii) the binding effect of a class judgment on members under Rule 23(c)(3). Fed. R. Civ. Proc. 23(c)(2)(B). The notice requirements of Rule 23(e)(1) are less stringent: “The court must direct notice in a reasonable manner to all class members who would be bound by the [settlement] proposal.” Subject to the requirements of due process, notice under Rule (e)(1) gives the Court discretion over the form and manner of notice. See Fowler v. Birmingham News Co., 608 F.2d 1055, 1059 (5th Cir.1979). Significantly, compliance with Rule 23(c)(2)(B) can satisfy the Due Process Clause. See In re Enron Corp. Secs., Deriv., & “ERISA” Litig., No. MDL-1446, 2008 WL 4178151, at *2 (S.D.Tex. Sept. 8, 2008). The Class Action Fairness Act (“CAFA”) requires that notice of the proposed settlement be served “upon the appropriate State official of each State in which a class member resides and the appropriate Federal official.” 28 U.S.C. § 1715(b). CAFA further states, “An order giving final approval of a proposed settlement may not be issued earlier than 90 days after the later of the dates on which the appropriate Federal official and the appropriate State official are served with the notice requirement under subsection (b).” Id. § 1715(d). . IV. Discussion A. This Settlement Class May Be Certified For Purposes Of Settlement Only Pursuant To Rules 23(a) And (b)(3). For the reasons discussed below, the Economic and Property Damages Class (the “Settlement Class,” set out in Appendix B to this Order and Reasons) may be certified pursuant to Federal Rule of Civil Procedure 23(a) and (b)(3), for purposes of settlement only. Settlement classes are a typical feature of modern class litigation, and courts routinely certify them, under the guidance of Amchem Prods., Inc. v. Windsor, 521 U.S. 591, 117 S.Ct. 2231, 138 L.Ed.2d 689 (1997), to facilitate the voluntary resolution of legal disputes. See, e.g., In re Chinese-Manufactured Drywall Prods. Liab. Litig., MDL No. 2047, 2012 WL 92498, at *8-11 (E.D.La. Jan. 10, 2012); Stott v. Cap. Fin. Seros., 277 F.R.D. 316, 324-26 (N.D.Tex.2011); see also Manual for Complex Litigation (Fourth) § 21.612 (2004) (“Settlement classes — cases certified as class actions solely for settlement — can provide significant benefits to class members and enable the defendants to achieve final resolution of multiple suits.”). The parties have tendered either jointly or on their own behalf four experts in the law of class actions: Professors Coffee, Issaeharoff, Klonoff, and Miller. The Court cites to, or in some instances quotes from, the opinions of these experts at various points in the analysis below of class certification issues. However, the Court underscores that at all times it has exercised its independent legal judgment on each and every class certification issue. The Court cites to the declarations of these experts where they summarize the governing legal rules embodied in the text of Rule 23 and/or in the case law of the federal courts. Since these same scholars have often criticized abusive class actions, however, it is significant that all four of them, from their various perspectives, support this class settlement and believe that it is certifiable. i. This Settlement Class Satisfies the Ascertainability Requirement Again, the class definition is fully set out in Appendix B. This Settlement is nearly the epitome of how a class in a mass tort action ought to be defined, as it is objective, precise, and detailed, and does not turn on the merits. See Coffee Decl. ¶¶ 17-20; Klonoff Decl. ¶ 20; Miller Decl. ¶ 38; Miller Supp. Decl. ¶¶ 6-9; Klonoff Supp. Decl. ¶¶ 39-40. The class definition is geographically circumscribed to Louisiana, Alabama, Mississippi, and certain specified counties in Florida and Texas along the Gulf Coast, as well as Specified Gulf Waters. Nothing in the class definition requires a determination on the merits or delves into any person’s subjective mental state. The definition is based on objective criteria such as where a person resided, worked, received an offer to work, or owned property; or where an entity owned, operated, or leased a physical facility, or employed full time workers. The Class is further delimited by providing that certain industries or types of businesses are expressly excluded and that only those business or individuals experiencing specified categories of damages are class members. ii. This Settlement Class Meets Rule 23(a)’s Requirements. a. Rule 23(a)(1): Numerosity The settlement class easily includes tens of thousands of members, and likely far more. To date, although not all are class members, approximately 110,000 persons have filed short form joinders adopting the B1 Master Complaint. More than 91,000 persons have filed claims with the Settlement Program. The Fifth Circuit has consistently held that classes only a fraction of this size satisfy Rule 23(a)(l)’s numerosity requirement. See, e.g., Mullen v. Treasure Chest Casino LLC, 186 F.3d 620, 624 (5th Cir.1999) (between one hundred and one hundred fifty); Jack v. Am,. Linen Supply Co., 498 F.2d 122 (5th Cir.1974) (per curiam) (fifty one); Sagers v. Yellow Freight Sys., 529 F.2d 721, 734 (5th Cir.1976) (approximately one hundred ten); Jones v. Diamond, 519 F.2d 1090, 1100 n. 18 (5th Cir.1975) (forty eight); see also Coffee Decl. ¶ 36; Klonoff Decl. ¶ 22. In addition to the sheer size of the class, members are “geographically dispersed, decreasing the practicability of joinder into one action.” Stott, 277 F.R.D. at 324; accord Zeidman v. J. Ray McDermott & Co., Inc., 651 F.2d 1030, 1038 (5th Cir.1981) (“Thus, a number of facts other than the actual or estimated number of purported class members may be relevant to the ‘numerosity’ question; these include, for example, the geographical dispersion of the class.... ”). As the Court preliminarily concluded on May 2, 2012, see Rec. Doc. 6418 at 27, numerosity is plainly satisfied here. b. Rule 23(a)(2): Commonality Because “for purposes of Rule 23(a)(2) even a single common question will do,” Wal-Mart, 131 S.Ct. at 2556, “Rule 23(a)(2)’s ‘commonality’ requirement is subsumed under, or superseded by, the more stringent Rule 23(b)(3) requirement that questions common to the class ‘predominate over’ other questions,” Amchem, 521 U.S. at 609, 117 S.Ct. 2231. The Court accordingly explains that the commonality standard is met in greater detail in the context of establishing below that Rule 23(b)(3)’s predominance requirement is satisfied. While this class certification for settlement purposes does not decide any identified common issues on their merits (and any class certification decision regarding non-settled claims is reserved for another day), the overarching questions of law and fact raised by the Deepwater Horizon incident are common, recurring issues as they relate to the liability of BP and/or others. The Court confirms its preliminary conclusion, reached on May 2, 2012, that commonality is satisfied. See Rec. Doc. 6418 at 27. c. Rule 23(a)(3): Typicality Typicality is satisfied here, as the class representatives — like all class members — allege economic and/or property damage stemming directly from the Deep-water Horizon spill. Importantly, the spill is a single-event, single-location disaster, and so the primary focus of any trial would be BP’s conduct and that of its contractors. See Coffee Decl. ¶¶ 39-40; Issacharoff Decl. ¶ 10; Klonoff Decl. ¶¶ 26-28; Coffee Supp. Decl. ¶¶ 12-14; Klonoff Supp. Decl. ¶ 44. The class representatives personally have claims falling within each of the claims frameworks created by Section 5 of the Settlement Agreement. See Bon Sec-our Fisheries, Inc. Decl. ¶ 4 (Economic Damage); Friloux Decl. ¶ 4 (Seafood Compensation Program; VoO Charter Payment; Subsistence Damage); Gallo Decl. ¶ 4 (Wetlands Real Property Damage; Economic Damage); Fort Morgan Realty, Inc. Decl. ¶ 5 (Economic Damage); GW Fins Decl. ¶ 5 (Economic Damage); Hutto Decl. ¶ 4 (Seafood Compensation Program; VoO Charter Payment; Vessel Physical Damage; Subsistence Damage); Irwin Decl. ¶ 4 (Coastal Real Property Damage); Kee Decl. ¶ 4 (Seafood Compensation Program); Tesvieh Decl. ¶ 4 (Seafood Compensation Program); Lake Eugenie Land and Development, Inc. Decl. %5 (Wetlands Real Property Damage); Lundy Decl. ¶ 4 (Subsistence Damage); Guidry Decl. at 64 ¶ 4 (Seafood Compensation Program; Voo Charter Payment; Vessel Physical Damage; Subsistence Damage); Panama City Beach Dolphin Tours & More LLC Decl. ¶ 5 (Economic Damage; Voo Charter Payment); Sellers Decl. ¶ 4 (Economic Damage; Coastal Real Property Damage; Real Property Sales Damage); Zeke’s Charter Fleet, LLC Decl. ¶ 5 (Economic Damage; VoO Charter Payment). Here, the class representatives were all impacted by the single event of the oil spill, although they lived in different areas within the class geographic boundaries and were engaged in various impacted activities. While each and all of the class representatives have agreed to represent the entire class, every category within the Settlement includes at least one of the Bon Secour plaintiffs. The range of class representatives as set out in the prior paragraph thus meets the Rule 23 requirements of typicality. No more is required. See, e.g., Staton v. Boeing Co., 327 F.3d 938, 957 (9th Cir.2003) (“Objectors ... complain that class counsel did not provide clear documentation that each job category had a class representative for each type of discrimination claim alleged. That level of specificity is not necessary for class representatives to satisfy the typicality requirement.”); Stott, 277 F.R.D. at 325 (“Although certain of the class members may have dealt with different individuals associated with Capital Financial, these factual differences are not sufficient to overcome the similarity of the nature of the Representative Plaintiffs claims.”); Cornn v. UPS, Inc., No. 03-2001, 2005 WL 588431, at *8 (N.D.Cal. Mar. 14, 2005) (“Rule 23 does not require a class representative for each job category that may be included in the class.”). The Court confirms its preliminary conclusion, reached on May 2, 2012, that typicality is satisfied. See Rec. Doc. 6418 at 27. d. Rule 23(a)(4): Adequacy In this case, (i) Class Counsel has competently prosecuted this litigation and negotiated a very favorable and generous settlement agreement; (ii) the class representatives are willing and able to actively control the litigation; and (in) there are no conflicts of interest. The Court confirms its preliminary conclusion that adequacy is satisfied. See Rec. Doc. 6418 at 27-28. 1. Class Counsel Are Adequate. The class is represented by the PSC— an experienced and diverse group of lawyers selected by the Court, after a public application process and through judicial screening of the many applicants, for their “(a) willingness and availability to commit to a time-consuming project; (b) ability to work cooperatively with others; and (c) professional experience in this type of litigation.” Rec. Doc. 2 at 14. The PSC consists of firms that are diverse (i) geographically; (ii) in terms of the ranges of litigation expertise and experience, and (in) in terms of the representation of the full array of economic and property claims presented in the MDL No. 2179 litigation, and resolved in the Settlement. The Court considered such diversity in making its PSC appointments. Since their appointment, members of the PSC have diligently prosecuted this litigation, consulted widely among class members in negotiating the Settlement, and aggressively represented the interests of their clients. See Klonoff Decl. ¶ 38. 2. Class Representatives Are Adequate. The class representatives are clearly adequate, as they include individuals and businesses asserting each category of loss. Significantly, the class representatives have participated in the settlement negotiations and sought to ensure that similarly situated plaintiffs will receive adequate compensation. Cf. Stott, 277 F.R.D. at 325 (finding Rule 23(a)(4) satisfied where the class representative “will continue to take an active role in the prosecution of this class action and administration of this proposed settlement to its conclusion”); see also Klonoff Decl. ¶ 30. The class representatives personally have claims falling within each of the main claims frameworks created by Section 5 of the Settlement Agreement. Yet separate representation for all possible interests is not necessary where the class members’ interests are not actually divergent. See In re Ins. Brokerage Antitrust Litig., 579 F.3d 241, 272 (3d Cir.2009). See Coffee Supp. Decl. ¶ 24. All class representatives have attested in declarations filed with the Court that they reviewed and discussed the Settlement provisions with Class Counsel and they believe the Settlement is fair to the entire Class. See Bon Seeour Fisheries, Inc. Decl. ¶¶ 6, 9; Friloux Decl. ¶¶ 5, 9; Gallo Decl. ¶¶ 5, 8; Fort Morgan Realty, Inc. Decl. ¶¶ 6, 9; GW Fins Decl. ¶¶ 6, 9; Hutto Decl. ¶¶ 5, 8; Irwin Decl. ¶¶ 5, 8; Kee Decl. ¶¶ 5, 8; Tesvich Decl. ¶¶ 5, 8; Lake Eugenie Land and Development, Inc. Decl. ¶¶ 6,10; Lundy Decl. ¶¶ 5, 8; Guidry Decl. ¶¶ 5, 9; Panama City Beach Dolphin Tours & More LLC Decl. ¶¶ 6, 9; Sellers Decl. ¶¶ 5, 8; Zeke’s Charter Fleet, LLC Decl. ¶¶ 6, 9. 3. There Are No Conflicts Of Interest Among The Class. This case suffers from none of the problems identified in Amchem, where the Court noted a potential intraclass conflict, in the context of a settlement with an overall cap, between individuals who had already been injured by asbestos and those who had only been exposed to it. Cf Amchem, 521 U.S. at 626, 117 S.Ct. 2231 (explaining that “for the currently injured, the critical goal is generous immediate payments” whereas “exposure-only plaintiffs [have an interest] in ensuring an ample, inflation-protected fund for the future”). Rather, the proposed class in this case consists exclusively of individuals and businesses that have already suffered economic loss and property damage, and the Settlement compensates class members for their past losses through detailed, objective compensation criteria and for their anticipated potential future damages through RTP payments or through other methods that take into account risk of future loss. See Coffee Decl. ¶ 9; Miller Decl. ¶¶ 41-42. Both as a matter of process and as a matter of substance, this class settlement avoids all of the concerns that have prevented approval in cases such as Amchem, 521 U.S. 591, 117 S.Ct. 2231, Ortiz v. Fibreboard Corp., 527 U.S. 815, 119 S.Ct. 2295, 144 L.Ed.2d 715 (1999), and In re Katrina Canal Breaches Litig., 628 F.3d 185 (5th Cir.2010). All class members— even those under the SCP — are protected by specific, detailed and objective frameworks that were promulgated publicly by the Court during the preliminary approval process after the parties had negotiated those frameworks. The differences within the frameworks, developed through arms-length negotiation, are rationally related to the relative strengths and merits of similarly situated claims. Perhaps most importantly, this Settlement does not involve a limited fund with no ability for class members to opt out, distinguishing Ortiz and In re Katrina Canal Breaches Litigation. (A) Specific Features Avoiding Intraclass Conflicts The Settlement was structured to assure adequate representation of all interests within the Class and to prevent intraclass conflict. The Settlement includes numerous features that were specifically designed to avoid the risk of any intraclass conflicts. According to Professor Miller, this case is “perhaps the single most impressive class action settlement I have observed in nearly thirty years as a scholar, practitioner, and teacher in the field” in its structural features designed to avoid intraclass conflicts. Miller Decl. ¶ 12. First, the settlement terms for each identifiable subgroup were subjected to the approval of a seventeen-member Plaintiffs’ Steering Committee. The PSC was consulted and participated throughout the settlement process. Whenever a particular category of claims was discussed during negotiations, lawyers who had clients with such claims took an active role in advising the negotiators. See Coffee Decl. ¶¶ 7, 10, 24-26, 43; Issacharoff Decl. ¶ 8; Klonoff Decl. ¶ 32; Coffee Supp. Decl. ¶¶ 19(b)(1), 27(a)-(b), 28-35; Rice Negotiations Decl. ¶¶ 15,17; Herman Decl. ¶¶ 6-7. Second, the claims frameworks offering generally uncapped compensation ensure that a benefit paid to one member of the class will in no way reduce or interfere with a benefit obtained by another member. This Settlement is not a zero-sum game. While the Seafood Compensation Program was funded at the specific level of $2.3 billion, the parties took numerous measures to avoid the risk of intraclass conflict, including (i) using a Court-appointed neutral, who heard directly from various Seafood claimants (e.g., shrimpers, crabbers, oystermen and finfishers) to determine the initial and subsequent allocations; and (ii) agreeing to a total amount of compensation that, based on available and reliable data, is more than sufficient to compensate all class members. See Coffee Decl. ¶¶ 8,11-12,14, 21-23, 34, 44; Klonoff Decl. ¶ 31; Issacharoff Decl. ¶ 13-17; Miller Decl. ¶¶ 29-37; Rice Negotiations Decl. ¶ 11; Coffee Supp. Decl. ¶¶ 19(b)(2), 22, 23, 27(c); Klonoff.Supp. Decl. ¶ 46. Third, the class definition clearly and objectively defines the class in terms of time period, geographic region, and type of claim. As a consequence, the benefits of the Settlement are directed towards those who were most impacted, while persons with marginal or potentially worthless claims, whose presence could have complicated the settlement process, were excluded from the proposed class, and thus remain free to pursue their claims. See Coffee Decl. ¶¶ 4, 7, 55, 62.C; Issacharoff Decl. ¶ 8; Miller Decl. ¶ 13-21. Fourth, Magistrate Judge