Weiner v. Ocwen Financial Corp.

• Court: District Court, E.D. California
• Decided: October 10, 2024
• Docket: 2:14-cv-02597
• Status: Unknown

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 FOR THE EASTERN DISTRICT OF CALIFORNIA 10 11 DAVID WEINER, individually, and on No. 2:14-cv-02597-DJC-SCR behalf of other members of the public 12 similarly situated, 13 Plaintiff, FINAL APPROVAL OF CLASS ACTION SETTLEMENT 14 v.

15 OCWEN FINANCIAL CORPORATION, et al., 16 Defendants. 17 18 On March 28, 2024, the Court granted preliminary approval of the proposed 19 class settlement. Plaintiff now seeks final approval of that settlement (Final Approval 20 Mot. (ECF No. 255)) and moves for approval of attorney’s fees, costs, litigation 21 expenses, and class representative awards (Attorney’s Fees Mot. (ECF No. 256)). 22 Defendants do not oppose either motion. The Court has not received, nor is it aware 23 of, any objections to final approval. 24 For the reasons stated below, the Court will approve the settlement, award 25 $7,915,313.25 in attorneys’ fees, permit $953,106.45 in litigation costs, and grant 26 service awards of $5,000 to the named Plaintiff. 27 //// 28 //// 1 BACKGROUND 2 The Court previously discussed the factual background of this action in its first 3 order addressing the Motion for Preliminary Approval of Class Settlement. (Prelim. 4 Approval Order (ECF No. 249); Revised Prelim. Approval Order (ECF No. 251).)1 In 5 short, Plaintiff brought the present suit based on claims that Defendants had charged 6 fees to borrowers that were not properly disclosed and were neither a fair market 7 price, nor consistent with industry standards. This case had passed the class 8 certification and dispositive motion stages and was set for trial before a settlement 9 was reached by the parties. (See ECF No. 238.) 10 The Settlement Agreement proposed by the parties would make available to a 11 reimbursement of $60.00 or $70.00 dollars to each Class Member (with the amount 12 based on which they the fee they had paid). (Final Approval Mot. at 5.) The California 13 Class would receive a credit or charge reversal for the same amount. (Id.) The 14 amount provided to each Class Member is greater than the original fees that were 15 charged. With a total class size of 330,377 members, the Agreement results in a total 16 possible recovery of $53,826,220.00. (Id.) 17 In granting preliminary approval, the Court approved the Notice Program 18 proposed by the parties, appointed Plaintiff as Settlement Class Representative, 19 appointed Baron & Budd, P.C. as Settlement Class Counsel, and appointed JND Legal 20 Administration as Settlement Administrator. Ryan Bahry, Director of JND, submitted a 21 declaration with the Final Approval Motion in which he describes the efforts taken to 22 provide notice to the parties under the Notice Program. (Bahry Decl. (ECF No. 255- 23 1).) Bahry describes mailed notices (including attempts to follow up on mail returned 24 as undeliverable), email notices, digital notices, internet search campaigns, press 25 releases, the usage of a settlement specific website and email. (Id. 3–6.) At the time of 26 1 The Court granted preliminary approval of the Settlement Agreement but ordered Plaintiff to file an 27 updated proposed order. (ECF No. 249.) The Court subsequently used to issue it’s “Revised Preliminary Approval Order. (ECF No. 251). Together, these two orders form the Court’s preliminary 28 approval of the Settlement Agreement. 1 filing, Bahry stated that JND had received 9,762 claims but was not aware of any 2 objections and has only received 2 opt-outs. (Id. at 7.) At the final approval hearing, 3 Class Counsel represented that there had still not been any objections and only 6 opt- 4 outs. 5 The Court held a fairness hearing on September 19, 2024 (ECF No. 263) after 6 which the Court took the matter under submission. Plaintiff’s counsel subsequently 7 filed a Supplemental Memorandum (Suppl. Mem. (ECF No. 264)) in support of their 8 request for attorney’s fees. 9 MOTION FOR FINAL APPROVAL 10 I. Final Class Certification is Appropriate 11 As noted by the Court in it’s preliminary approval order, Plaintiff succeed in 12 litigating class certification on two occasions. Previously, three total sub-classes were 13 certified. In moving for approval of the settlement, Plaintiff consolidated this to two 14 sub-classes. The Court provisionally certified the class for purposes of settlement, 15 finding that the requirements of Federal Rule of Civil Procedure 23(a) and 23(b)(3) had 16 been met. (Revised Prelim. Approval Ord. at 1–2.) The Court’s present findings on the 17 adequacy of the class remain the same as there has been no change in the facts 18 underlying the Court’s determination and there have been no objections to the 19 certification of the class. See Carlin v. DairyAmerica, Inc., 380 F. Supp. 3d 998, 1008 20 (E.D. Cal. 2019) (collecting cases for the proposition that a court need not repeat its 21 class certification analysis for final approval if the facts have not changed and no 22 objections were raised). Accordingly, the Court adopts its prior finding that the 23 proposed class satisfies the numerosity, commonality, typicality, and adequacy of 24 representation requirements of Rule 23(a) as well as the Rule 23(b)(3) predomination 25 requirement. The class is certified for purposes of this settlement. For the reasons 26 stated in the prior order, the Court reaffirms the appointment of Plaintiff David Weiner 27 as Class Representatives and Baron & Budd, P.C. as Class Counsel, for purposes of 28 settlement. 1 II. Adequacy of Notice 2 The Court also previously approved both the content of the Notice of 3 Settlement and the means of distributing the Notice. (Prelim. Approval Ord. at 18; 4 Revised Prelim. Approval Order at 4–5.) There have been no objections to the content 5 and means of distribution for the Notice and their adequacy, as stated in the Court’s 6 Preliminary Approval Order, remain clear. As stated by in that Order:

7 [T]he Class Notice provides comprehensive information 8 about the Settlement Agreement. For instance, the Class Notice provides a Table of Contents where the Settlement 9 Class can learn about the following topics: what the Class 10 Notice contains; what the Class Notice is about; who is part of the Settlement Class; submitting a claim; receiving 11 payment; understanding the class action process; the claims and rights released or waived; the consequences of 12 doing nothing; how to opt-out and the consequences for 13 doing so; how the lawyers will be paid; how to object to the settlement and the difference between objecting and 14 opting-out; when and where the Final Fairness Hearing will be; and how to obtain more information. 15 16 (Preliminary Approval Order at 18.) 17 The Notice is adequate given “it generally describes the terms of the settlement 18 in sufficient detail to alert those with adverse viewpoints to investigate and to come 19 forward and be heard” and notifies members of the tentative class of “the opportunity 20 to opt-out and individually pursue any state law remedies that might provide a better 21 opportunity for recovery.” Churchill Vill., L.L.C. v. Gen. Elec., 361 F.3d 566, 575 (9th 22 Cir. 2004) (internal quotations and citations omitted); see Hanlon v. Chrysler Corp., 23 150 F.3d 1011, 1025 (9th Cir. 1998), overruled on other grounds by Wal-Mart Stores, 24 Inc. v. Dukes, 564 U.S. 338, 338 (2011); see also Fed. R. Civ. P. 23(c)(2)(B). 25 The Court also continues to be satisfied with the procedure used to locate Class 26 Members, provide the notices, and rectify where notices were returned undeliverable. 27 See Fed. R. Civ. P. 23(c)(2)(B) & (e)(1). Per the Declaration provided by Ryan Bahry as 28 representative for the Class Administrator, 330,505 postcard notices were mailed to 1 class members. (Bahry Decl. at 3.) After mail forwarding and new mailing attempts 2 with updated addresses, only 16,576 of these notices were undeliverable. (Id. at 3–4.) 3 Notices were also emailed to 250,963 email addresses associated with Class 4 Members, 220,518 of which were delivered successfully. (Id. at 4.) Bahry also notes 5 the broader notice efforts including the usage of the “Google Display Network” and 6 “Responsive Search Ads” to provide digital advertisements to targeted relevant 7 groups on the internet in conjunction with a website and email specific to this 8 settlement. (Id. at 4–5.) 9 The notice procedures utilized satisfy the notice requirements under Rule 10 23(c)(2)(B). Bahry also states that the proposed settlement, along with relevant 11 additional documents, were provided appropriate federal and state officials, as is 12 required by the Class Action Fairness Act (“CAFA”) pursuant to 28 U.S.C. § 1715(b). 13 (Bahry Decl. at 1–2.) 14 III. Sufficiency of the Settlement 15 At final approval, the Court must determine if the settlement is, as a whole, “fair, 16 adequate, and free from collusion.” Lane v. Facebook, Inc., 696 F.3d 811, 819 (9th Cir. 17 2012). This requires the Court to consider the Hanlon factors which are: 18 [1.] the strength of the plaintiffs' case; [2.] the risk, expense, 19 complexity, and likely duration of further litigation; [3.] the risk of maintaining class action status throughout the trial; 20 [4.] the amount offered in settlement; [5.] the extent of 21 discovery completed and the stage of the proceedings; [6.] the experience and views of counsel; [7.] the presence of a 22 governmental participant; [and 8.] and the reaction of the class members to the proposed settlement. 23 24 Lane, 696 F.3d at 819. 25 The Court is also obligated to consider the factors described in Bluetooth to 26 investigate “more subtle signs that class counsel have allowed pursuit of their own 27 self-interests and that of certain class members to infect the negotiations.” In re 28 Bluetooth Headset Products Liability Litigation, 654 F.3d 935, 946–47 (9th Cir. 2011). 1 The Bluetooth factors are: 2 (1) “when counsel receive[s] a disproportionate distribution 3 of the settlement”; (2) “when the parties negotiate a ‘clear sailing arrangement,’” under which the defendant agrees 4 not to challenge a request for an agreed-upon attorney’s 5 fee; and (3) when the agreement contains a ‘kicker’ or ‘reverter’ clause that returns unawarded fees to the 6 defendant, rather than the class. 7 See Briseño v. Henderson, 998 F.3d 1014, 1023 (9th Cir. 2021) (quoting In re 8 Bluetooth, 654 F.3d at 947). 9 In making its preliminary determination, the Court reviewed these factors (see 10 Preliminary Approval Ord. at 22–26), but the Court now reconsiders these factors in 11 full to ensure that the proposed settlement is fair, adequate, and free from collusion. 12 In doing so, the Court is “mindful that the law favors the compromise and settlement 13 of class action suits.” Carlin, 380 F. Supp. 3d. at 1009. 14 A. Strength of the Plaintiff’s Case, Risk, Expense, Complexity, and Likely 15 Duration of Further Litigation, and Risk of Maintaining Class Action 16 Status Through Trial 17 In evaluating the strength of a case, the goal of the Court is to “evaluate 18 objectively the strengths and weaknesses inherent in the litigation and the impact of 19 those considerations on the parties’ decisions to reach these agreements.” In re 20 Wash. Pub. Power Supply Sys. Secs. Litig., 720 F. Supp. 1379, 1388 (D. Ariz. 1989). 21 However, the Court need not “reach any ultimate conclusions concerning the 22 contested issues of fact and law” regarding the underlying dispute. Id. at 1415. In 23 general, lengthy litigation can be costly and time consuming for all parties and 24 presents numerous risks to the parties. Because of this, courts recognize that 25 “approval of settlement is preferable to lengthy and expensive litigation with uncertain 26 results.” Carlin, 380 F. Supp. 3d at 1010 (internal citations and quotations removed). 27 The first three factors weigh in favor of granting settlement. Plaintiff’s case 28 1 appears to have significant strength. At the time of settlement, Plaintiff had 2 successfully certified a class on RICO claims and was proceeding toward trial. 3 However, as is well recognized, trial presents substantial risks to Plaintiff’s ability to 4 obtain relief, especially where complex claims are involved. Moreover, as noted in 5 Plaintiff’s Motion seeking final approval, trial would undoubtedly impose substantial 6 costs on all parties, regardless of whether Plaintiff was ultimately successful. (Final 7 Approval Mot. at 15–16.) Additionally, Plaintiff correctly notes pre- and post-trial 8 litigation of this case would undoubtedly be intense and lengthy. Defendant Ocwen 9 also apparently expressed an intent “to file a Rule 23(f) petition to the Ninth Circuit” 10 which could risk delaying trial further and, even if Plaintiff were ultimately successful at 11 trial, Defendants would undoubtedly vigorously challenge any verdict obtained, 12 causing further delay and cost. 13 The Settlement Agreement the parties have reached not only circumvents the 14 additional cost and time of further litigation but also provides relief in the form of the 15 full amount of the relevant fee that each class member was charged. In doing so it 16 both affords a substantial degree (if not complete) relief for the harms alleged without 17 sustaining the risk and expense of trial. Under these facts, the Agreement presently 18 before the Court provides clear benefits to both the Class and the named parties. See 19 Churchill Village, L.L.C., 361 F.3d at 576; see also Olean Wholesale Grocery Coop., Inc. 20 v. Bumble Bee Foods LLC, 31 F.4th 651, 664 (9th Cir. 2022) (en banc). As such, these 21 factors weigh in favor of approving the Settlement Agreement. 22 B. The Amount Offered in Settlement 23 In considering whether to approve a settlement, “[t]he proposed settlement is 24 not to be judged against a hypothetical or speculative measure of what might have 25 been achieved by the negotiators.” Officers for Justice v. Civil Serv. Comm'n of S.F., 26 688 F.2d 615, 625 (9th Cir. 1982). “The absence of a large number of objections to a 27 proposed class action settlement raises a strong presumption that the terms of a 28 proposed class action settlement are favorable to the class members.” Nat'l Rural 1 Telecomms. Coop. v. DIRECTV, Inc., 221 F.R.D. 523, 525 (C.D. Cal. 2004). 2 Given the complete lack of any objections in this case and the limited number 3 of opt-outs received, the Court starts from a strong presumption that the terms of the 4 settlement are reasonable. Id. The Court noted in its Preliminary Approval Order, the 5 amount offered in settlement does not offer any compensation for treble damages 6 that might have been obtained at trial, but that courts are not required to compare 7 settlement amounts to treble damages and that there was no justification “to intrude 8 upon the privately-ordered agreement between the parties” (Prelim. Approval Order 9 at 23–24.) Given the fact that no objections to the settlement have been received, the 10 Court finds this to still be true; there is no indication that the agreement was produced 11 by fraud, collusion, overreaching, or other bad-faith actions. Moreover, the 12 Agreement provides full or near-full recovery for past injuries. On this basis, this factor 13 weighs in favor of approval. 14 C. The Extent of Discovery Completed and the Stage of the Proceedings 15 While discovery can be beneficial in obtaining a fair settlement, “[i]n the context 16 of class action settlements, formal discovery is not a necessary ticket to the bargaining 17 table where the parties have sufficient information to make an informed decision 18 about settlement.” Linney v. Cellular Alaska P'ship, 151 F.3d 1234, 1239 (9th Cir. 19 1998) (internal citations and quotations removed). To that end, a court may approve a 20 proposed class settlement where the provided sufficient discovery “[to] allow[] the 21 parties to form a clear view of the strength and weaknesses of their case[,]” 22 Monterrubio v. Best Buy Stores, L.P., 291 F.R.D. 443, 454 (E.D. Cal. 2013), and is the 23 result of genuine arms-length negotiation. Nat'l Rural Telecomms. Coop., 221 F.R.D. 24 at 528. 25 Here, this factor weighs strongly in favor of granting final approval. Discovery 26 was completed at the time the agreement was reached. The parties had full 27 information from which they could determine the strengths and weaknesses of their 28 cases for themselves. 1 D. The Experience and Views of Counsel 2 In the preliminary approval order, the Court quoted Attorney Roland Tellis, an 3 attorney with 27 years of experience in complex litigation who has had extensive 4 involvement with this case from its inception, as stating that he believes the settlement 5 to be “not only fair, reasonable, adequate, but also is in the best interests of all Class 6 Members in light of all known facts and circumstances and should therefore be given 7 preliminary approval by the Court.” (Decl. of Roland Tellis (ECF No. 244-1) ¶ 8.) 8 Plaintiff’s Motion for Final Approval similarly emphasizes that the settlement is in the 9 best interest of class members. Thus, given Class Counsel’s apparent experience and 10 view that this settlement is fair, reasonable, adequate, and in the best interest of all 11 Class Members, the Court finds that this factor weighs in favor of approval. 12 E. The Reaction of the Class Members to the Proposed Settlement 13 As has been discussed above, there is a strong presumption of favorableness in 14 the absence of a large number of objections. Nat'l Rural Telecomms. Coop., 221 15 F.R.D. at 525. As of the Fairness Hearing, the parties report that no objections have 16 been filed. Moreover, only 6 opt-outs have been received while over 12,000 claims 17 have been processed. Based on this evidence, it is clear that the reaction of Class 18 Members to the settlement is overwhelmingly positive. Accordingly, this factor 19 weighs in favor of approval. 20 F. Absence of Collusion 21 In addition to the Hanlon factors, the Court must also consider whether the 22 Settlement Agreement is the product of collusion. See In re Bluetooth, 654 F.3d at 23 946–47. The three signs of collusion identified by the Ninth Circuit are “(1) when 24 counsel receive a disproportionate distribution of the settlement; (2) when the parties 25 negotiate a ‘clear sailing’ arrangement (i.e., an arrangement where defendant will not 26 object to a certain fee request by class counsel); and (3) when the parties create a 27 reverter that returns unclaimed fees to the defendant.” Allen v. Bedolla, 787 F.3d 28 1218, 1224 (9th Cir. 2015) (internal quotations and citations removed). 1 Here, first factor is not present. Class counsel has requested $7,915,313.25 in 2 fees. While a substantial amount, this only accounts for only roughly 15% of the 3 maximum possible recovery by Class Members under the settlement agreement. The 4 second factor is also not present as the Settlement Agreement does not prevent 5 objections from Defendants. The final factor is partially present in effect, if not in 6 description. While the settlement does not set aside a “fund” that reverts to the 7 Defendants, unclaimed portions of the settlement will not be paid out and those funds 8 will be kept by Defendants, thereby creating a potential incentive to ensure a low 9 claim rate. See Roes, 1–2 v. SFBSC Management, LLC, 944 F.3d 1035, 1050–51 (9th 10 Cir. 2019). However, in the absolute absence of any other signs of collusion, the Court 11 has little concern about the presence of this Bluetooth factor. As stated at preliminary 12 approval, the Court is particularly comforted by the extended window for class 13 members to make a claim, the streamlined nature of the Claim Form, and the 14 comprehensive information provided by the Class Notice. The positive response of 15 Class Members is also encouraging in this regard. 16 In light of the above, it is clear that all evidence points to the absence of 17 collusion in this settlement. Accordingly, this factor weighs in favor of approval. 18 G. Conclusion 19 Given that the factors above all weigh in favor of settlement to some degree, 20 the Court is convinced that this settlement is fair, reasonable and adequate as well as 21 free from collusion. Hanlon, 150 F.3d at 1026; see Lane, 696 F.3d at 819; see also In 22 re Bluetooth, 654 F.3d at 946–47. Accordingly, the Court grants Plaintiff’s Motion for 23 Final Approval of the Class Action Settlement (ECF No. 255). 24 MOTION FOR ATTORNEYS’ FEES, COSTS, AND CLASS REPRESENTATIVE 25 SERVICE AWARDS 26 I. Class Representative Service Award 27 Courts often afford modest compensation to Class Representatives based on 28 the extra time required to represent the class as the named plaintiff to an action. “The 1 criteria courts may consider in determining whether to make an incentive award 2 include: 1) the risk to the class representative in commencing suit, both financial and 3 otherwise; 2) the notoriety and personal difficulties encountered by the class 4 representative; 3) the amount of time and effort spent by the class representative; 4) 5 the duration of the litigation and; 5) the personal benefit (or lack thereof) enjoyed by 6 the class representative as a result of the litigation.” Van Vranken v. Atlantic Richfield 7 Co., 901 F. Supp. 294, 299 (N.D. Cal. 1995). 8 Here, Plaintiff has requested a $5,000.00 service award for each of the Class 9 Representatives. An award of $12,500.00 is permitted by the Settlement Agreement 10 and Plaintiff originally requested this full amount. But after the Court raised some 11 concerns at the preliminary approval stage, Plaintiff voluntarily reduced this request to 12 $5,000.00. (Attorney’s Fees Mot. at 20–21.) An award of $5,000 is generally 13 considered a presumptively reasonable service award by courts in the Ninth Circuit. 14 See Carlin, 380 F. Supp. 3d at 1024. This award is also reasonable here. Plaintiff as 15 been involved in this case since its inception 10 years ago and has been involved in all 16 stages. Counsel represents that Plaintiff has taken more than 100 hours of his time in 17 litigating this action over that time. (Attorney’s Fees Mot. at 27.) 18 Based on the effort and risk undertaken by Plaintiff Weiner in reaching this 19 settlement and the presumptively reasonable amount of this award, the Court finds 20 that the requested service awards are reasonable and awards $5,000.00 to David 21 Weiner for his roles as Class Representative. 22 II. Attorney’s Fees 23 Attorney’s fees may generally be awarded in a settlement of a certified class 24 action however, “courts have an independent obligation to ensure that the award, like 25 the settlement itself, is reasonable, even if the parties have already agreed to an 26 amount.” In re Bluetooth, 654 F.3d at 941. Class Counsel has requested 27 $7,915,313.25 in attorney’s fees. Defendants have not objected to this request. 28 The attorney’s fees requested amount to approximately 14.7% of the maximum 1 possible recovery under the Settlement Agreement. Notably, regardless of the 2 attorney’s fees ultimately awarded, those fees do not reduce the amount recovered by 3 Class Members and is paid by Defendants separately. Counsel also provides some 4 information on the hours worked by attorneys in this action. Based on the hours 5 worked and the total amount requested, Class Counsel is seeking an amount 6 commensurate with a $748.60 an hour rate. 7 This rate lands on the high end of rates approved for attorneys in this district 8 but still within the range of what courts consider to be reasonable. See American 9 Multi-Cinema, Inc. v. Manteca Lifestyle Ctr., LLC, No. 2:16-cv-01066-TLN-KJN, 2024 10 WL 1312209, at *3 (E.D. Cal. Mar. 26, 2024); see also Jones v. Tirehub LLC, No. 2:21- 11 cv-0564-DB, 2024 WL 2132611, at *11 (E.D. Cal. May 13, 2024). During the Fairness 12 Hearing, Counsel also represented that the bulk of work performed by attorneys was 13 done by partners due to the challenging nature of perusing RICO claims. 14 In light of the low value of the requested fees relative to the maximum potential 15 recovery the Settlement Agreement affords, the fact that this award will not deduct 16 from the possible recovery by Class Members, the lack of objection by anyone to the 17 requested fee amount, the substantial nature of the relief afforded to Class Members 18 under the Agreement, and that the effective hourly compensation rate falls within 19 what is considered reasonable in this district, the Court will approve the request by 20 Class Counsel Baron & Budd, P.C. for attorney’s fees of $7,915,313.25. 21 III. Costs 22 Class Counsel is entitled to reimbursement of litigation costs from the GSA in 23 order to spread the costs of the suit amongst class members. Wininger v. SI Mgmt. 24 L.P., 301 F.3d 1115, 1120 (9th Cir. 2002). “Such an award of expenses should be 25 limited to typical out-of-pocket expenses that are charged to a fee paying client and 26 should be reasonable and necessary.” In re Immune Response Sec. Litig., 497 F. Supp. 27 2d 1166, 1177 (E.D. Cal. 2007). 28 Here, Class Counsel seeks to recover costs for (1) $563,869.88 for experts, (2) 1 $233,460.45 in connection with issuing the Class Certification Notice, (3) $85,530.61 2 for depositions and court reporter costs, (4) $25,992.98 for business travel and meals, 3 (5) $25,017.70 for document preparation services, (6) $7,080.61 for court filing fees, 4 (7) $4,726.37 in legal research fees, (8) $3,532.46 in trial preparation costs, (9) 5 $2,826.94 for postage, and (10) $1,068.45 for copies. (Attorney’s Fees Mot. at 19–20.) 6 Each of these requested costs falls within those that courts typically approve. See In re 7 Immune Response Securities Litigation, 497 F. Supp. 2d at 1177–78. Defendants have 8 not objected to the requested costs. Accordingly, the Court will grant Class Counsel’s 9 request for reimbursement of $953,106.45 in costs incurred while litigating this 10 matter. 11 CONCLUSION 12 For the above reasons, it is HEREBY ORDERED that: 13 1. The Court has jurisdiction over this action and the Settlement pursuant to 14 28 U.S.C. § 1332(d); 15 2. Except as otherwise specified herein, the Court for purposes of this Final 16 Approval Order adopts all defined terms set forth in the Settlement 17 Agreement; 18 3. Plaintiff’s Motion for Final Approval of Class Action Settlement (ECF No. 255) 19 is GRANTED and the Court approves the Settlement as fair, reasonable, and 20 adequate and the result of arm’s-length informed negotiations; 21 4. Plaintiff’s Motion for Attorney’s Fees, Costs, and Litigation Expenses (ECF 22 No. 256) is GRANTED; 23 5. The Court CONFIRMS the appointment Baron & Budd, P.C. as Settlement 24 Class Counsel; 25 6. The Court CONFIRMS the appointment of David Weiner as Settlement Class 26 Representative; 27 7. The Court CONFIRMS JND Legal Administration as the Notice and 28 Settlement Administrator that will oversee and administer the Settlement 1 Fund; 2 8. The Court GRANTS Settlement Class Counsel’s request for attorneys’ fees 3 and costs, and AWARDS Settlement Class Counsel $7,915,313.25 in 4 attorneys’ fees and $953,106.45 in reasonable expenses, to be paid by 5 Defendants; 6 9. The Court AWARDS a service award of $5,000 to the Settlement Class 7 Representative David Weiner, to be paid by Defendants; 8 10. The Release from Section III of the Settlement Agreement (Dkt. 244-1 at ECF 9 Page No. 18-19) shall take effect from the date of this order; 10 11. The individuals and entities listed in Appendix A to the Final Approval Order 11 are excluded from the Settlement Class; 12 12. The Court hereby permanently bars and enjoins any Settlement Class 13 Member from instituting or prosecuting any claims released pursuant to this 14 Settlement against the Released Parties, as those terms are used and 15 defined in the Settlement Agreement; 16 13. The Court further reserves and retains exclusive and continuing jurisdiction 17 over the Settlement concerning the administration and enforcement of the 18 Settlement Agreement and to effectuate its terms; 19 14. For the reasons stated in this Order, judgment is entered and the claims of 20 Plaintiff David Weiner in this Action against Defendants Ocwen Financial 21 Corporation and Ocwen Loan Servicing, LLC are dismissed with prejudice, 22 without costs to any party, except as otherwise provided in this Order or in 23 the Settlement Agreement; and 24 //// 25 //// 26 //// 27 //// 28 //// 1 15.Under Rule 54(b) of the Federal Rules of Civil Procedure, no just reason 2 exists for delay in entering final judgment. The Court accordingly directs the 3 Clerk to enter final judgment pursuant to Rule 58 of the Federal Rules of 4 Civil Procedure in accordance with this Order. 5 6 IT IS SO ORDERED. 7 | Dated: _October 9, 2024 “Daal A CoO □□□□ Hon. Daniel alabretta 8 UNITED STATES DISTRICT JUDGE 9 10 11 12 13 | DJC1 - weiner14cv02597 final_class_settlement 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 15