Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-01993/USCOURTS-cand-3_06-cv-01993-4/pdf.json

Parties Involved:
E-Loan, Inc.
Defendant
Behzad Mousai
Plaintiff

Document Text:

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

[PROPOSED] ORDER REGARDING FINAL APPROVAL OF CLASS/COLLECTIVE ACTION SETTLEMENT, INCLUDING

PAYMENT OF CLASS COUNSEL’S ATTORNEYS’ FEES, EXPENSES AND COSTS, SERVICE AWARD, AND TOLLING

AWARDS - CASE NO. C 06-01993 SI

ROBERTA L. STEELE, CA Bar No. 188198

LAURA L. HO, CA Bar No. 173179

JESSICA BECKETT-MCWALTER, CA Bar No. 233238

GOLDSTEIN, DEMCHAK, BALLER,

BORGEN & DARDARIAN

300 Lakeside Drive, Suite 1000

Oakland, CA 94612

(510) 763-9800

(510) 835-1417 (fax)

Attorneys for Plaintiff

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

BEHZAD MOUSAI, individually and on behalf

of others similarly situated,

Plaintiffs,

vs.

E-LOAN, INC., and DOES 1-10, inclusive,

Defendants.

CLASS/COLLECTIVE ACTION

Case No. C 06-01993 SI

[PROPOSED] ORDER REGARDING FINAL

APPROVAL OF CLASS/COLLECTIVE

ACTION SETTLEMENT, INCLUDING

PAYMENT OF CLASS COUNSEL’S

ATTORNEYS’ FEES, EXPENSES AND

COSTS, SERVICE AWARD, AND TOLLING

AWARDS

Date: May 14, 2007

Time: 4:00 p.m.

Dept: Courtroom 10, 19

th

Floor

Judge: Honorable Susan Illston

Case 3:06-cv-01993-SI Document 73-1 Filed 05/14/2007 Page 1 of 5
 Case 3:06-cv-01993-SI Document 77 Filed 05/31/07 Page 1 of 5
1

[PROPOSED] ORDER REGARDING FINAL APPROVAL OF CLASS/COLLECTIVE ACTION SETTLEMENT, INCLUDING

PAYMENT OF CLASS COUNSEL’S ATTORNEYS’ FEES, EXPENSES AND COSTS, SERVICE AWARD, AND TOLLING

AWARDS - CASE NO. C 06-01993 SI

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

Named Plaintiff Behzad Mousai (“Plaintiff” or “Class Representative”) alleged in the abovecaptioned action, brought on behalf of himself and the class of Loan Consultants employed by E-Loan,

Inc. between December 23, 2001 and June 30, 2006, that Defendant E-Loan, Inc. (“E-Loan” or

“Defendant”) misclassified mortgage loan consultants employed by E-Loan in California as exempt

from the California and federal overtime laws and failed to pay them required overtime payments,

failed to provide legally required meal periods, failed to provide accurate final paychecks, and failed to

provide accurate and timely wage statements showing accurate hours worked. Plaintiff also alleged on

a class basis that the foregoing violated California’s Unfair Competition Law, Business and

Professions Code § 17200, et seq.

On November 7, 2007, after two full-day mediation sessions, with the assistance of third-party

neutral mediator Mark Rudy, Esquire, the parties reached agreement on the key terms of the settlement

and subsequently reached the settlement that is memorialized in the Stipulation and Settlement of Class

Action Claim (“Settlement Agreement”). In full settlement of all Class claims that were encompassed

by the case, the Plaintiff Class and E-Loan have agreed to the entry of the proposed Settlement

Agreement, including the exhibits thereto, and attached hereto as Exhibit 1.

This matter came before this court for a Fairness Hearing on May 30, 2007. The Plaintiff Class

hassubmitted the Settlement Agreement, which this Court preliminarily approved in its January 16, 2007

Order of Preliminary Approval of Class Settlement (“Preliminary Approval Order”). In accordance

with the Preliminary Approval Order, Class Members have been given notice of the terms of the

Settlement Agreement and the opportunity to opt out or object to the Settlement. Not a single Class

Member opted out of or objected to the proposed Settlement Agreement.

Having received and fully considered the proposed Settlement Agreement, the supporting papers

filed by Class Counsel, including the Declaration of Laura L. Ho In Support of Final Approval of

Class/Collective Action Settlement; the Declaration of John Keane; and the evidence and argument

received by the Court at the Fairness Hearing held on May 30, 2007, and good cause appearing;

therefore, it is

ORDERED, ADJUDGED AND DECREED THAT:

Case 3:06-cv-01993-SI Document 73-1 Filed 05/14/2007 Page 2 of 5
 Case 3:06-cv-01993-SI Document 77 Filed 05/31/07 Page 2 of 5
2

[PROPOSED] ORDER REGARDING FINAL APPROVAL OF CLASS/COLLECTIVE ACTION SETTLEMENT, INCLUDING

PAYMENT OF CLASS COUNSEL’S ATTORNEYS’ FEES, EXPENSES AND COSTS, SERVICE AWARD, AND TOLLING

AWARDS - CASE NO. C 06-01993 SI

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

1. All terms used herein shall have the same meaning as defined in the Settlement

Agreement.

2. This Court has jurisdiction over the subject matter of this litigation and over all Parties

to this litigation, including all plaintiffs.

3. The Court hereby certifies the class for purposes of settlement, and appoints Plaintiff

Behzad Mousai as Class Representative and the law firm of Goldstein, Demchak, Baller, Borgen &

Dardarian as Class Counsel for purposes of settlement.

4. For purposes of this Judgment, the term “Class” means all E-Loan employees, including

the Named Plaintiff, who were employed by E-Loan in California as a Loan Consultant in the following

job titles: Loan Consultant-First Mortgage, Loan Consultant-First Mortgage Core, Loan ConsultantFirst Mortgage Affinity, Loan Consultant-First Mortgage Relocation, Loan Consultant-First Mortgage

Pre-Approval, Loan Consultant-First Mortgage Alternative Lending, Loan Consultant-Home Equity

Line of Credit (“HELOC”), Loan Consultant-Pre Approval, Loan Consultant-Prime, Loan ConsultantZip Realty, Loan Consultant-Alternative Lending, and Loan Consultant-Affinity from December 23,

2001 through June 30, 2006, inclusive, and who did not elect to be excluded from the Class.

5. Distribution of the Notice directed to the Class as set forth in the Settlement Agreement

and the other matters set forth therein have been completed in conformity with the Preliminary

Approval Order, including individual notice to all plaintiffs who could be identified through reasonable

effort, and was the best notice practicable under the circumstances. This Notice provided due and

adequate notice of the proceedings and of the matters set forth therein, including the proposed

settlement set forth in the Settlement Agreement and Plaintiff’s request for reasonable attorneys’ fees

and costs, to all persons entitled to such Notice, and the Notice fully satisfied the requirements of due

process. No plaintiffs objected to the Settlement. No plaintiffs opted out of the Settlement. No

plaintiffs objected to the award of reasonable attorneys’ fees and costs to Class Counsel.

6. This Court hereby approves the settlement set forth in the Settlement Agreement and

finds that the Settlement is, in all respects, fair, adequate and reasonable and directs the Parties to

effectuate the Settlement according to its terms. The Court finds that the Settlement has been reached

as a result of intensive, serious and non-collusive arms length negotiations. The Court further finds

Case 3:06-cv-01993-SI Document 73-1 Filed 05/14/2007 Page 3 of 5
 Case 3:06-cv-01993-SI Document 77 Filed 05/31/07 Page 3 of 5
3

[PROPOSED] ORDER REGARDING FINAL APPROVAL OF CLASS/COLLECTIVE ACTION SETTLEMENT, INCLUDING

PAYMENT OF CLASS COUNSEL’S ATTORNEYS’ FEES, EXPENSES AND COSTS, SERVICE AWARD, AND TOLLING

AWARDS - CASE NO. C 06-01993 SI

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

that the Parties have conducted extensive investigation and research and counsel for the Parties are

able to reasonably evaluate their respective positions. The Court also finds that settlement at this time

will avoid additional substantial costs, as well as avoid the delay and risks that would be presented by

the further prosecution of the Action. The Court has reviewed the monetary recovery that is being

granted as part of the Settlement and recognizes the significant value to the Settlement Class of that

monetary recovery.

7. The Court finds and determines that the settlement is fair, adequate and reasonable,

based upon the terms set forth in the Settlement Agreement, including the Defendant E-Loan, Inc.’s

payment of up to $13.6 million to settle the monetary relief claims of the Class, plus the employer’s

share of payroll taxes on any settlement amounts paid for back wages.

8. The Court finds and determines that the Service Award of $20,000 to Plaintiff Behzad

Mousai and Tolling Awards of $1,000 to each of the forty-two (42) class members who timely filed

Consent to Join Forms prior to settlement in addition to their individual pro rata Settlement Awards is

fair and reasonable, and gives final approval to and orders payment to these individuals.

9. The Court finds and determines that $3,425,000.00, in reasonable attorneys’ fees, costs

and expenses should be paid to Class Counsel for all the work done in this matter, and gives final

approval to and orders that payment for those amounts to be made to Class Counsel from the

$13,600,000 Maximum Settlement Amount, in accordance with the terms of the Settlement

Agreement. Class Counsel shall not be entitled to any other award of attorneys’ fees or costs in any

way connected with this Action.

10. The Court finds and determines that payment of $43,388.75 from the $13,600,000

Maximum Settlement Amount to be paid to Rosenthal & Company for the claims administration costs

is fair and reasonable and gives final approval to and orders the payment be made in accordance with

the terms of the Settlement.

11. All Class Members as of the Effective Date are hereby forever barred and enjoined from

prosecuting the Released California Claims against the Released Parties. In addition, as of the

Effective Date, each and every Released Federal Claim of each and every Settlement Class Member

who filed a consent to join form is and shall be deemed to be conclusively released against the

Case 3:06-cv-01993-SI Document 73-1 Filed 05/14/2007 Page 4 of 5
 Case 3:06-cv-01993-SI Document 77 Filed 05/31/07 Page 4 of 5
4

[PROPOSED] ORDER REGARDING FINAL APPROVAL OF CLASS/COLLECTIVE ACTION SETTLEMENT, INCLUDING

PAYMENT OF CLASS COUNSEL’S ATTORNEYS’ FEES, EXPENSES AND COSTS, SERVICE AWARD, AND TOLLING

AWARDS - CASE NO. C 06-01993 SI

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

Released Parties. All Settlement Class Members who filed consent to join forms as of the Effective

Date are hereby forever barred and enjoined from prosecuting Released Federal Claims against the

Released Parties.

12. The Court retains jurisdiction of all matters relating to the interpretation, administration,

implementation, and enforcement of this Order and the Settlement Agreement for one year from the

Effective Date of Settlement.

13. Nothing in this Order shall preclude any action to enforce Defendant’s obligations

under the Settlement Agreement or under this Order, including the requirement that Defendant make

payments to the Class Members in accordance with the terms of the Settlement Agreement.

14. After administration of the Settlement has been completed in accordance with the

Settlement Agreement and all amounts calculated, and in no event later than two hundred-seventy

(270) days after the Effective Date, the Claims Administrator shall file a certificate of completion of

administration of settlement with this Court.

15. The Court finds that the Settlement Agreement is in good faith and constitutes a fair,

reasonable and adequate compromise of the Released California Claims and Released Federal Claims

against E-Loan.

IT IS SO ORDERED this ____ day of ______________, 2007.

THE HONORABLE SUSAN ILLSTON

Case 3:06-cv-01993-SI Document 73-1 Filed 05/14/2007 Page 5 of 5

30th May

Case 3:06-cv-01993-SI Document 77 Filed 05/31/07 Page 5 of 5