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Contract analysis / email-final-approval-hearing-outcome.eml
email-final-approval-hearing-outcome.eml
High · 0
Medium · 1
Standard · 1
1. The settlement is "fair, adequate, and reasonable" in light of the litigation risks on
1. The settlement is "fair, adequate, and reasonable" in light of the litigation risks on both sides.
2. The settlement was the product of "arm's-length, informed negotiations by competent cou
2. The settlement was the product of "arm's-length, informed negotiations by competent counsel, facilitated by an experienced mediator" — referencing the two full-day mediation sessions before Hon. Patricia Okoro (Ret.) of Westpark Dispute Resolution Inc.
3. The 68.2% claims rate (1,262 of 1,850 class members submitted valid claims) and the min
3. The 68.2% claims rate (1,262 of 1,850 class members submitted valid claims) and the minimal number of opt-outs (23, representing 1.24% of the class) and objections (4) "strongly support the conclusion that the class supports the settlement."
4. The attorneys' fee award of 33.33% of the Gross Settlement Amount ($4,916,175) is "cons
Standard
⚑ Commercial term
4. The attorneys' fee award of 33.33% of the Gross Settlement Amount ($4,916,175) is "consistent with prevailing practice in California class action settlements of this nature."
5. All four objections were overruled.
Medium
⚑ Notice / time limit to track
5. All four objections were overruled. These findings were very favorable and reflect the strength of the record we built during the approval process. --- **II. Formal Order Timeline** The Court indicated it will enter the formal Final Approval Order and Judgment within seven (7) days — we anticipate entry by approximately February 9, 2024. I will circulate the entered order to the full team as soon as it is filed. -