Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_07-cv-05923/USCOURTS-cand-3_07-cv-05923-101/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 28:1331 Fed. Question

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[PROPOSED] ORDER RE DISTRIBUTION OF UNCLAIMED FUNDS 

Civil Case No.: CV-07-5923 WHA 

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UNITED STATES DISTRICT COURT 

FOR THE NORTHERN DISTRICT OF CALIFORNIA 

VERONICA GUTIERREZ, ERIN WALKER 

and WILLIAM SMITH, as individuals and 

on behalf of all others similarly situated, 

 Plaintiffs, 

 v. 

WELLS FARGO BANK, N.A., 

 Defendant. 

 Civil Case No.: CV-07-5923 WHA 

[PROPOSED] ORDER RE DISTRIBUTION 

OF UNCLAIMED FUNDS 

Having reviewed the parties’ recommendations for the distribution of unclaimed 

judgment funds in this case (Dkt. 711, “Recommendation”), on December 14, 2016, the Court issued an 

Order: approving the proposed unclaimed property process as described in section II.A of the 

Recommendation and in the accompanying Declaration of Phil Cooper Re Escheatment Procedures 

(Dkt. 711-1, “Cooper Decl.”); approving supplemental costs of administering such process; and 

directing Plaintiffs to submit a proposed order reflecting the approval of this plan. Dkt. 716. Good cause 

appearing, the Court hereby ORDERS as follows: 

1. Following completion of the distribution of the restitution judgment to the class 

members in this case, there remains approximately $50,000,000 in unclaimed judgment funds. These 

unclaimed funds are comprised of amounts-certain that were calculated specifically for each of 

identified account holders in the class, as proven at trial. The unclaimed funds result from class 

members in “Group 3” (i.e., class members without a current account at Wells Fargo) who have not 

negotiated their judgment checks (hereinafter, “Uncashed Class Members”). 

Case 3:07-cv-05923-WHA Document 719 Filed 12/15/16 Page 1 of 3
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[PROPOSED] ORDER RE DISTRIBUTION OF UNCLAIMED FUNDS 

Civil Case No.: CV-07-5923 WHA 

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2. With respect to the unclaimed funds in this case, by no later than January 31, 

2017, the Class Administrator shall commence implementation of the procedures for the disposition of 

unclaimed property as provided under the respective state law applicable to each Uncashed Class 

Member.1 Pursuant to such process, the Class Administrator shall hold the unclaimed funds for a 

“dormancy period” of three (3) to five (5) years, as dictated by applicable state law. During this 

dormancy period, the Uncashed Class Members to whom the funds belong shall be able to contact the 

Class Administrator to request issuance of their funds. Prior to the end of the dormancy period, the 

Class Administrator shall send “due diligence” notices to the last known addresses of Uncashed Class 

Members who have not yet claimed their funds, pursuant to the parameters of the applicable states’ laws. 

For any funds that remain unclaimed at the end of the dormancy period, the Class Administrator shall 

report such funds to the applicable state authorities, after which the state authorities will hold such 

funds, which will continue to be available for the Uncashed Class Members to claim, from the state, 

pursuant to the applicable state’s unclaimed property process. See Dkt. 711-1 (Cooper Decl.). 

3. By no later than January 31, 2017, the Class Administrator shall update the 

dedicated case website to include relevant information regarding the unclaimed funds and instructions 

on how to retrieve such funds. 

4. In order to provide additional notice to Uncashed Class Members about the 

unclaimed funds, by no later than January 31, 2017, the Class Administrator shall commence an Internet 

notice campaign consisting of sponsored ads on Facebook, targeted at California consumers, which 

provide notice of the unclaimed funds and include a link to the case website. See Dkt. 711-1 (Cooper 

Decl.), ¶¶ 6-7. 

5. The supplemental administrative costs associated with the unclaimed property 

process directed by this Order (including the costs of the Internet notice campaign) shall be capped at 

 

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 In determining which state’s unclaimed property law to apply for each Uncashed Class Member, the 

Class Administrator shall use the Uncashed Class Member’s last known address. 

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[PROPOSED] ORDER RE DISTRIBUTION OF UNCLAIMED FUNDS 

Civil Case No.: CV-07-5923 WHA 

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$542,183. The amount of $542,183 shall be deducted from the unclaimed funds—resulting in a pro rata 

reduction of approximately 1% of the funds that will be available to Uncashed Class Members to claim 

pursuant to the unclaimed property process—and held by the Class Administrator for payment of these 

supplemental administrative costs. 

IT IS SO ORDERED. 

DATED: ________________________ ___________________________________ 

 Hon. William Alsup 

 United States District Judge 

1332568.1 

December 15, 2016.

Case 3:07-cv-05923-WHA Document 719 Filed 12/15/16 Page 3 of 3