Coppel v. SeaWorld Parks & Entertainment, Inc.

CourtDistrict Court, S.D. California
DecidedMay 8, 2025
Docket3:21-cv-01430
StatusUnknown

This text of Coppel v. SeaWorld Parks & Entertainment, Inc. (Coppel v. SeaWorld Parks & Entertainment, Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Coppel v. SeaWorld Parks & Entertainment, Inc., (S.D. Cal. 2025).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 SOUTHERN DISTRICT OF CALIFORNIA 10 11 FERNANDO COPPEL et al., individually Case No.: 21-cv-1430-RSH-DDL and as a representative of a Putative Class 12 of Participants and Beneficiaries on behalf ORDER GRANTING PLAINTIFFS’ 13 of the SWBG, LLC, 401(K) PLAN, f/k/a MOTION FOR PRELIMINARY “SEAWORLD PARKS AND 14 APPROVAL OF CLASS ACTION ENTERTAINMENT 401(K) PLAN,” SETTLEMENT 15 Plaintiffs, [ECF No. 263] 16 v. 17 SEAWORLD PARKS & 18 ENTERTAINMENT, INC., et al., 19 Defendants. 20 21 22 Pending before the Court is Plaintiffs unopposed motion for preliminary approval of 23 class action settlement. ECF No. 263. For the reasons below, Plaintiffs’ motion is granted. 24 I. BACKGROUND 25 Plaintiffs Fernando Coppel, Pablo Martinez, Tyler Mitchell, Judith Uriostegui, and 26 Elizabeth Usselman (collectively, “Plaintiffs”) are former employees of SeaWorld Parks 27 and Entertainment, Inc. (“SeaWorld”). ECF No. 105 at 1. Plaintiffs are, or were, 28 participants and beneficiaries of a defined contribution 401(k) retirement savings plan (the 1 “Plan”) offered by SeaWorld. Id. ¶ 1. On August 9, 2021, Plaintiffs brought this action 2 under the Employee Retirement Income Security Act (“ERISA”), 29 U.S.C. § 1001 et seq., 3 on behalf of the Plan, individually and as representatives of participants and beneficiaries 4 of the Plan, against: the Plan’s former sponsor, SeaWorld; the Plan’s current sponsor, 5 SWBG Orlando Corporate Operations Group, LLC (“OCOG”); the Boards of Directors of 6 SeaWorld and OCOG; the Plan’s Investment Committee, appointed by the Board; the 7 Board and/or Investment Committee members John Does 1-50; SeaWorld CEO Marc G. 8 Swanson; and former SeaWorld CFO Elizabeth Gulacsy (collectively, “Defendants”). Id. 9 ¶¶ 1, 24–30. 10 After Defendants moved to dismiss, Plaintiffs filed their First Amended Complaint 11 on December 22, 2021, adding Alliant Insurance Services, LLC (“Alliant”), a consulting 12 firm that provides financial advising services to SeaWorld, as a defendant. ECF No. 34. 13 On March 15, 2022, the SeaWorld Defendants and Alliant filed two separate motions to 14 dismiss the First Amended Complaint. ECF Nos. 50, 51. On March 22, 2023, the Court 15 granted in part and denied in part the SeaWorld Defendants’ motion to dismiss. ECF No. 16 84. Additionally, the Court granted Alliant’s motion to dismiss and dismissed all claims 17 against Alliant without prejudice. Id. at 40. On May 25, 2023, the SeaWorld Defendants 18 moved to amend their pleading. ECF No. 93. After the Court granted Plaintiffs’ motion for 19 leave to amend, Plaintiffs filed their Second Amended Complaint (the “SAC”), the 20 operative complaint, on July 21, 2023. ECF Nos. 103, 105. 21 The SAC asserts two causes of action: (1) breach of the duties of prudence and 22 loyalty, pursuant to 29 U.S.C. §§ 1104(a)(1), 1105(a), 1109(a), 1132(a)(2)–(3), as well as 23 29 C.F.R. § 2550.404a-1(b); and (2) breach of the duty of prudence for failing to investigate 24 and monitor the Plan’s investments and covered service providers, pursuant to 29 U.S.C. 25 §§ 1104(a)(1), 1109(a), 1132(a)(2)–(3). ECF No. 105 ¶¶ 266–81. 26 On August 21, 2023, the SeaWorld Defendants filed a partial motion to dismiss. 27 ECF No. 112. The Court denied the SeaWorld Defendants’ motion. ECF No. 192. On 28 1 November 1, 2023, Plaintiffs moved for class certification. ECF No. 149. On May 8, 2024, 2 the Court certified the following class and subclasses: 3 a. All participants in or beneficiaries of the SeaWorld Parks and Entertainment 401(K) PLAN, and the SWBG, LLC 401(K) 4 PLAN from August 10, 2015, through the date of judgment, 5 excluding Defendants and members of the Defendant Boards and Committees. 6 i. The MassMutual Subclass: All class members who 7 participated in the Plan while Mass Mutual was the Plan’s 8 recordkeeper. 9 ii. The Prudential Subclass: All class members who participated in the Plan while Prudential was the Plan’s 10 recordkeeper. 11 iii. The Injunctive Relief Subclass: All class members who currently participate in the Plan. 12 13 ECF No. 217 at 41. On September 6, 2024, the Parties notified the Court that they reached 14 a settlement. ECF No. 252. Subsequently, on January 7, 2025, Plaintiffs filed their 15 unopposed motion for preliminary approval of class action settlement that included an 16 attachment of the proposed settlement agreement (“Settlement Agreement”). See ECF No. 17 263, Ex. A. On April 3, 2025, the Court requested supplemental briefing from Plaintiffs 18 regarding the analysis and assumptions underlying Plaintiffs’ expert’s calculation of 19 potential damages in this action. ECF No. 264. Thereafter, on April 10, 2025, Plaintiffs 20 filed a supplemental declaration detailing their expert’s analysis on the valuation of the 21 settlement. ECF No. 265. 22 A. Terms of the Settlement Agreement 23 The terms of the Settlement Agreement are as follows: the SeaWorld Defendants 24 have agreed to pay a non-reversionary gross settlement amount of $1,250,000. ECF No. 25 263-2 ¶ 81. The following will be deducted from the gross settlement amount: (1) 26 attorneys’ fees, not to exceed 35% of the gross settlement amount, or $437,500; (2) Class 27 Counsel costs, not to exceed $273,000; (3) a Class Representative Service Award of up to 28 $7,500 to Plaintiffs; (4) Settlement Administrative Expenses, not to exceed $17,500; and 1 (5) recordkeeper costs. After the deductions above, the net settlement amount will be 2 $483,000. Each class member’s share will be calculated based on the sum of each class 3 member’s account balances for each year of the class period (the “Balance”) and then 4 divided by the sum of all class members’ Balances. ECF No. 263-1 at 3–4. The agreement 5 provides that members of the class agree to release Defendants from claims arising from 6 this action. ECF No. 236-2 ¶ 1.36. 7 II. LEGAL STANDARD 8 Rule 23(e) requires court approval of class action settlements. A class action 9 settlement may be approved only based on a finding that the settlement is “fair, reasonable, 10 and adequate.” Fed. R. Civ. Proc. 23(e)(2). The settlement proponents ultimately bear the 11 burden to show that the proposed settlement meets this standard. Staton v. Boeing Co., 327 12 F.3d 938, 959 (9th Cir. 2003); see also Wiley v. Delta Airlines, Inc., 930 F.2d 921 (9th Cir. 13 1991) (quoting Officers for Justice v. Civil Svc. Comm’n. of the City and County of San 14 Francisco, 688 F.2d 615, 625 (9th Cir. 1982)). In requesting preliminary approval of a 15 class settlement, “the parties must provide sufficient information for the court to determine 16 that it ‘will likely be able to’ grant final approval of the settlement under Rule 23(e)(2)[.]” 17 Lusk v. Five Guys Enterprises LLC, No. 1:17-cv-00762-AWI-EPG, 2021 WL 2210724, at 18 *2 (E.D. Cal. June 1, 2021).

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Mullane v. Central Hanover Bank & Trust Co.
339 U.S. 306 (Supreme Court, 1950)
Eisen v. Carlisle & Jacquelin
417 U.S. 156 (Supreme Court, 1974)
Wal-Mart Stores, Inc. v. Dukes
131 S. Ct. 2541 (Supreme Court, 2011)
In Re Bluetooth Headset Products Liability
654 F.3d 935 (Ninth Circuit, 2011)
William Weinberger v. Great Northern Nekoosa Corp.
925 F.2d 518 (First Circuit, 1991)
United States v. Walter Kenneth Lee
955 F.2d 14 (Fifth Circuit, 1992)
Staton v. Boeing Co.
327 F.3d 938 (Ninth Circuit, 2003)
Ginger McCall v. Facebook, Inc.
696 F.3d 811 (Ninth Circuit, 2012)
Robert Radcliffe v. Experian Information Solutions
715 F.3d 1157 (Ninth Circuit, 2013)
Matar v. Dichter
563 F.3d 9 (Second Circuit, 2009)
Margie Bedolla v. Labor Ready Southwest, Inc.
787 F.3d 1218 (Ninth Circuit, 2015)
Josue Romero v. Provide Commerce, Inc.
906 F.3d 747 (Ninth Circuit, 2018)
Sarah Murphy v. Sfbsc Management, LLC
944 F.3d 1035 (Ninth Circuit, 2019)

Cite This Page — Counsel Stack

Bluebook (online)
Coppel v. SeaWorld Parks & Entertainment, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/coppel-v-seaworld-parks-entertainment-inc-casd-2025.