Sanchez et al v. Wells Fargo & Company et al

Filing 594

JUDGMENT. Signed by Judge Alsup on August 2, 2013.. (whalc1, COURT STAFF) (Filed on 8/5/2013)

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Sonya D. Winner (State Bar No. 200348)
E-mail: [e-mail]
David M. Jolley (State Bar No. 191164)
E-mail: [e-mail]
COVINGTON & BURLING LLP
One Front Street
San Francisco, CA 94111
Telephone: [phone]
Facsimile: [phone]
Emily Johnson Henn (State Bar No. 269482)
E-mail: [e-mail]
COVINGTON & BURLING LLP
333 Twin Dolphin Drive, Suite 700
Redwood Shores, CA 94065
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant
Wells Fargo Bank, N.A.

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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VERONICA GUTIERREZ, ERIN
WALKER, and WILLIAM SMITH, as
individuals and on behalf of all others
similarly situated,

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Plaintiffs,

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CLASS ACTION
[DEFENDANT’S PROPOSED] FINAL
JUDGMENT

v.

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Case No. C 07-05923-WHA

WELLS FARGO & COMPANY; WELLS
FARGO BANK, N.A.; and DOES 1
through 125,

Judge Assigned:
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Hon. William H. Alsup

Defendants.

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[DEFENDANT’S PROPOSED] FINAL JUDGMENT
CASE NO. C 07-05923 WHA

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Following remand from the Court of Appeals and an Order by this Court dated May 14,

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2013 (Docket No. 586), FINAL JUDGMENT IS HEREBY ENTERED in favor of plaintiffs

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and against defendant Wells Fargo Bank, N.A. for all claims on which plaintiffs prevailed and

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liability was established as set forth in the Court’s Order dated May 14, 2013. For all other

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claims, judgment is entered in favor of Wells Fargo Bank, N.A., and against plaintiffs. Pursuant

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to this Judgment, the class shall receive relief as follows:

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1.

Members of the certified “Resequencing” class (as defined in the class certification

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order, Docket No. 98) shall recover from defendant Wells Fargo Bank, N.A. restitution in the

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amount of $202,994,035.46, for the period between November 15, 2004, through June 30, 2008,

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with the individual amount due to each class member (subject to possible reduction due to an

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award of attorney’s fees and expenses subsequently ordered) as specified in the results of the

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“Scenario 2A” analysis of plaintiff’s expert, Arthur Olsen, with distribution to be effected

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pursuant to further order of the Court. Post-judgment interest shall be paid on this award from

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October 25, 2010.

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2.

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Classwide injunctive relief, with an Effective Date of July 15, 2013, is ordered as

set forth in the Court’s Order dated May 14, 2013 (Docket No. 586).

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3.

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R. Civ. P. 58(a).

This document constitutes a judgment and separate document for purposes of Fed.

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IT IS SO ORDERED.
August 2, 2013.
Dated: ___________________

Hon.
William Alsup William H. Alsup
United States District Judge
United States District Judge

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[DEFENDANT’S PROPOSED] FINAL JUDGMENT
CASE NO. C 07-05923 WHA