Noroma v. Home Point Financial Corporation

CourtDistrict Court, N.D. California
DecidedNovember 6, 2019
Docket4:17-cv-07205
StatusUnknown

This text of Noroma v. Home Point Financial Corporation (Noroma v. Home Point Financial Corporation) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Noroma v. Home Point Financial Corporation, (N.D. Cal. 2019).

Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 BRANDON NOROMA, Case No. 17-cv-07205-HSG

8 Plaintiff, ORDER GRANTING MOTION FOR FINAL APPROVAL 9 v. Re: Dkt. Nos. 57, 59 10 HOME POINT FINANCIAL CORPORATION, 11 Defendant. 12 13 Pending before the Court are two unopposed motions filed by Plaintiffs Brandon Norona1 14 and Linda Corbin: (1) the motion for final approval of the parties’ proposed class action 15 settlement, Dkt. No. 59; and (2) the motion for attorneys’ fees, expenses, and incentive awards, 16 Dkt. No. 57. The Court held a final fairness hearing on September 26, 2019. See Dkt. No. 61. 17 For the reasons detailed below, the Court GRANTS final approval and GRANTS IN PART 18 Plaintiffs’ motion for attorneys’ fees, expenses, and service awards. 19 I. BACKGROUND 20 A. Factual Background 21 Although Plaintiff Norona initially filed this case as the single named Plaintiff, Plaintiff 22 Corbin was added to the action on April 16, 2019, following the Court’s order granting 23 preliminary approval of the class action settlement. See SAC ¶¶ 14–15; see also Dkt. No. 52. 24 Plaintiffs Norona and Corbin brought this putative labor and employment class action against 25 Defendant Home Point Financial Corporation. See Dkt. No. 53 (“Second Amended Complaint” or 26

27 1 The initial complaint lists Plaintiff’s name as “Brandon Noroma,” and the case is captioned 1 “SAC”). Plaintiffs allege, on behalf of themselves and all others similarly situated, that Defendant 2 had a uniform policy and practice of failing to (1) include commissions and bonuses as wages 3 when calculating overtime pay; (2) pay premiums for meal and rest breaks; (3) provide complete 4 wage statements; and (4) pay all wages owed at the time of termination of its employees, in 5 violation of the Fair Labor Standard Act (“FLSA”) and California law. See SAC ¶¶ 28–86. 6 Plaintiffs further sought civil penalties under California’s Private Attorneys’ General Act 7 (“PAGA”). Id. ¶ 87–105. 8 Plaintiffs brought claims on behalf of two groups of non-exempt Home Point employees, 9 including “loan originators, mortgage professionals, loan officers, and loan processors” who were 10 not compensated for all hours that they worked. Id. ¶ 7. First, Plaintiffs asserted a nationwide, 11 opt-in collective action under FLSA, 29 U.S.C. § 216(b), on behalf of Home Point employees who 12 worked from three years prior to the filing date up to the date of judgment (“FLSA Collective”). 13 See id. ¶¶ 8, 12. Second, Plaintiffs asserted claims under the California Labor Code, California 14 Business and Professions Code, and PAGA as part of an opt-out class action composed of Home 15 Point employees who worked from four years prior to the filing date up to the date of judgment 16 (“California Class”). Id. ¶¶ 9–11, 13. 17 B. Settlement Agreement 18 On May 17, 2018, the parties held an all-day mediation before the Hon. William J. Cahill, 19 during which they reached a settlement in principle. See Dkt. No. 32. The parties filed a motion 20 for settlement, see Dkt. No. 50, and the Court granted preliminary approval of the settlement on 21 April 12, 2019, see Dkt. No. 52. The key terms of the Settlement Agreement are as follows: 22 i. Class Definitions 23 The FLSA Collective is defined as:

24 [A]ll persons currently or previously employed by Defendant in the United States while residing outside California, including under 25 Defendant’s previous name, Maverick Funding Corp., as non-exempt loan originators, mortgage professionals, loan officers, loan 26 processors and other non-exempt employees in positions that were eligible for commissions and/or non-discretionary bonuses, the 27 amounts of which are measured by or dependent on hours worked, claims. Individuals who resided in California for part of the relevant 1 time period and outside of California for part of the relevant time period are included in the [California] Class for the workweeks 2 employed by Defendant and residing in California, and included in the [FLSA] Collective for the workweeks employed by Defendant 3 and residing in the United States but outside of California. 4 See Dkt. No. 50-4 (“Settlement Agreement” or “SA”) ¶ 2.41. 5 The California Class is defined as:

6 [A]ll persons currently or previously employed by Defendant in California, including under its prior name, Maverick Funding Corp., 7 as non-exempt loan originators, mortgage professionals, loan officers, loan processors and other non-exempt employees in positions that 8 were eligible for commissions and/or non-discretionary bonuses, the amounts of which are measured by or dependent on hours worked, 9 production, or efficiency, from December 19, 2013 through and including September 30, 2018, who have not previously released their 10 claims. The [California] Class does not include any person who was employed solely by Stonegate Capital Corporation and/or Cross-Line 11 Capital, Inc. in California. Individuals employed as a non-exempt inside loan agent, mortgage advisor, or mortgage loan officer at 12 Stonegate Capital Corporation and/or Cross-Line Capital, Inc. and subsequently employed by Defendant while residing in California as 13 non-exempt employee are included in the Settlement Class but only for the period of time employed by Defendant starting June 1, 2017. 14 . . . Individuals who resided in California for part of the relevant time period and outside of California for part of the relevant time period 15 are included in the [California] Class for the workweeks employed by Defendant and residing in California, and included in the [FLSA] 16 Collective for the workweeks employed by Defendant and residing outside of California. 17 18 Id. ¶ 2.35. 19 ii. Settlement Benefits 20 FLSA Collective: Defendant has agreed to pay up to $500,000 to the FLSA Collective, 21 with the actual amount paid out based on the number of opt-ins. SA ¶¶ 2.15, 2.42, 4.1, 5.1, 22 5.6.2.B. Of the estimated 1,382 FLSA Collective members who were sent notice, 461 have opted 23 in.2 See Dkt. No. 59-2, ¶¶ 8, 14; Dkt. No. 60 ¶ 3; see also Dkt. No. 62 at 2. FLSA Collective 24 members will receive a pro-rata share of the available funds, based on the number of weeks the 25 member worked during the covered period as reflected in the following formula: (FLSA 26 2 During the final fairness hearing, the parties explained that they would honor late opt-in requests 27 to the FLSA Collective submitted prior to the date judgment is entered in this matter, and such 1 Collective Member’s Total Workweeks / Total Workweeks in the Settlement Collective 2 combined) x FLSA Collective Fund. See SA ¶ 5.6.2.B. However, the “Total Workweeks in the 3 Settlement Collective combined” will include all 1,382 putative members of the collective, and not 4 just the 461 who opted in. Id. After fees and costs, Plaintiffs estimate that $130,681.75 will be 5 paid out to FLSA Collective members. See Dkt. No. 60 ¶ 4. The average award is expected to be 6 approximately $284.09. Id. For tax purposes, the awards will be allocated as 50% wages and 7 50% liquidated damages. See SA ¶ 5.9.1. 8 California Class: Defendant has agreed to pay a total of $1.725 million, with no reversion, 9 for the California Class fund. See SA ¶ 4.1. Of the estimated 255 California Class members, only 10 two have opted out, for a total of 253 total participating members. See Dkt. No. 59-2 ¶ 14. 11 California Class members will receive a pro-rata share of the available funds, based on the number 12 of weeks the member worked during the covered period. See SA ¶ 5.6.2.A. After fees and costs, 13 Plaintiff estimates that $1.1 million will be paid out to California Class members. See Dkt. No. 14 59-2 ¶ 15. The average award is expected to be over $4,000. Id.

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Noroma v. Home Point Financial Corporation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/noroma-v-home-point-financial-corporation-cand-2019.