Mock v. Tompkins Community Bank

CourtDistrict Court, N.D. New York
DecidedOctober 13, 2023
Docket3:22-cv-00995
StatusUnknown

This text of Mock v. Tompkins Community Bank (Mock v. Tompkins Community Bank) is published on Counsel Stack Legal Research, covering District Court, N.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mock v. Tompkins Community Bank, (N.D.N.Y. 2023).

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF NEW YORK __________________________________________

STACY MOCK, on behalf of herself and all others similarly situated,

Plaintiff, No. 3:22-cv-00995 (BKS/ML) v.

TOMPKINS COMMUNITY BANK, Defendants. __________________________________________

APPEARANCES:

For Plaintiff: James J. Bilsborrow Weitz & Luxenberg, P.C. 700 Broadway New York, NY 10003

Sophia G. Gold KalielGold PLLC 950 Gilman Street, Suite 200 Berkeley, CA 94710

Jeffrey D. Kaliel KalielGold PLLC 1100 15th Street NW, 4th Floor Washington, D.C. 20005

Tyler B. Ewigleben Johnson Firm 610 President Clinton Avenue, Little Rock, AK 72201 For Defendant: Debra Bogo-Ernst Matthew Freimuth Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019 Hon. Brenda K. Sannes, Chief U.S. District Judge: ORDER PRELIMINARILY APPROVING SETTLEMENT; CERTIFYING CLASS; APPROVING NOTICE; AND SETTING DATE FOR FINAL APPROVAL HEARING I. INTRODUCTION Plaintiff Stacy Mock brings this putative class action against Defendant Tompkins Community Bank asserting claims for breach of contract, and violations of New York General Business Law (“NYGBL”) § 349 arising out of Defendant’s practices with respect to overdraft fees and insufficient funds fees. (Dkt. No. 1). Presently before the Court is Plaintiff’s unopposed motion for preliminary approval of a class action settlement and certification for settlement purposes the proposed settlement class pursuant to Federal Rules of Civil Procedure 23(a) and 23(b)(3). (Dkt. No. 44). The Court, having considered Plaintiff’s submissions, (Dkt. Nos. 44, 46), and the Settlement Agreement and Release (the “Settlement Agreement”), (Dkt. No. 44-2), and having conducted a preliminary hearing and having heard oral arguments of counsel at a videoconference on October 3, 2022, and for the reasons stated at the videoconference and herein, grants Plaintiff’s motion for preliminary approval of the Settlement upon the terms and conditions set forth in this Order and conditionally certifies, for settlement purposes only, the settlement class outlined below.

II. APPLICABLE LAW “Preliminary approval of a proposed settlement is the first in a two-step process required [by Federal Rule of Civil Procedure 23(e)] before a class action may be settled.” In re NASDAQ Mkt.-Makers Antitrust Litig., 176 F.R.D. 99, 102 (S.D.N.Y. 1997). “At this stage, [the court] need only decide whether the terms of the Proposed Settlement are ‘at least sufficiently fair, reasonable and adequate to justify notice to those affected and an opportunity to be heard.’” In re LIBOR-Based Fin. Instruments Antitrust Litig., No. 11 MD 2262, 2018 WL 3475465, at *1, 2018 U.S. Dist. LEXIS 120856, at *6 (S.D.N.Y. July 19, 2018) (quoting NASDAQ, 176 F.R.D. at 102). “This analysis is ‘a determination that there is what might be termed ‘probable cause’ to submit the proposal to class members and hold a full-scale hearing as to its fairness.’” Id., 2018 U.S. Dist. LEXIS 120856, at *6–7 (quoting In re Traffic Exec. Ass’n E. R.Rs., 627 F.2d 631, 634

(2d Cir. 1980)). “Before approving a class settlement agreement, a district court must first determine whether the requirements for class certification in Rule 23(a) and (b) have been satisfied.” In re Am. Int’l Grp., Inc. Sec. Litig. (In re AIG), 689 F.3d 229, 238 (2d Cir. 2012). However, “because the litigation is being settled, rather than litigated, the Court need not consider the manageability issues that litigation would present.” Berkson v. Gogo LLC, 147 F. Supp. 3d 123, 159 (E.D.N.Y. 2015) (quoting Amchem Products, Inc. v. Windsor, 521 U.S. 591, 620 (1997)). “The district court must also determine whether the action can be maintained under Rule 23(b)(1), (2), or (3).” In re AIG, 689 F.3d at 238. Here, Plaintiff seeks certification of the settlement class under Rule 23(b)(3), “which permits certification where ‘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.’” Id. (quoting Fed. R. Civ. P. 23(b)(3)). While trial management concerns “drop out of the predominance analysis,” when considering a settlement class, “the certifying court must still determine whether the ‘the legal or factual questions that qualify each class member’s case as a genuine controversy’ are sufficiently similar as to yield a cohesive class.” Id. at 240 (quoting Amchem, 521 U.S. at 623). III. CLASS CERTIFICATION AND PRELIMINARY APPROVAL OF SETTLEMENT WHEREAS, Plaintiff Stacy Mock and Defendant Tompkins Community Bank (together the “Parties”), have reached a proposed Settlement of this Litigation, which is set forth in the Settlement Agreement filed with the Court, (Dkt. No. 44-2); and WHEREAS, Plaintiff has applied to the Court for preliminary approval of the proposed Settlement, the terms and conditions of which are set forth in the Settlement Agreement, and for conditional certification of a Settlement Class; and WHEREAS, Defendant joins the request for preliminary approval of the Settlement and conditional certification of a Settlement Class; and

WHEREAS, the Court has fully considered the record of these proceedings, the Settlement Agreement and all the exhibits thereto, the representations, arguments, and recommendation of counsel for the Parties and the requirements of law; and WHEREAS, it appears to the Court upon preliminary examination that adequate investigation and research has been conducted such that the counsel for the Parties at this time are able to reasonably evaluate their respective positions. It further appears to the Court that settlement at this time will avoid substantial additional costs by all Parties, as well as avoid the delay and risks that would be presented by further prosecution of this Litigation; and WHEREAS, it appears to the Court upon the preliminary examination that the proposed Settlement is fair, reasonable, and adequate, and that a hearing should be held after notice to the

Class of the proposed Settlement to finally determine whether the proposed Settlement is fair, reasonable, and adequate and whether a Final Approval Order and Judgment should be entered in this Litigation. THIS COURT FINDS AND ORDERS AS FOLLOWS: 1. The capitalized terms used in this Preliminary Approval Order shall have the same meaning as defined in the Settlement Agreement except as may otherwise be ordered. 2. Preliminary approval of the proposed settlement is granted and the Parties are

ordered to direct notice of the proposed settlement to the Class, in the manner set forth below and in the Settlement Agreement.

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Mock v. Tompkins Community Bank, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mock-v-tompkins-community-bank-nynd-2023.