Hofstetter v. Chase Home Finance LLC et al

Filing 201

ORDER REGARDING CLASS SETTLEMENT APPROVAL PROCEDURES. Signed by Judge Alsup on June 24, 2011. (whalc1, COURT STAFF) (Filed on 6/24/2011)

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IN THE UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA
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Plaintiffs,

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CLASS ACTION
ORDER REGARDING
CLASS SETTLEMENT
APPROVAL PROCEDURES

v.

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For the Northern District of California

United States District Court

No. C 10-01313 WHA

SHEILA I. HOFSTETTER and ROGER
MODERSBACH, individually and as
representatives of the classes,

CHASE HOME FINANCE, LLC,
JPMORGAN CHASE BANK, N.A., and
DOES 1 through 50, inclusive,

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Defendants.
/

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Counsel report that the parties have reached a settlement. The parties shall file a joint

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motion for preliminary approval of the class settlement on JULY 28, 2011. A hearing on the

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motion will be held at 2:00 P.M. ON AUGUST 11, 2011. All other case management dates and

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deadlines are suspended pending resolution of the settlement matter.

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Counsel are requested to submit the following information with the motion: (1) sworn

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testimony from plaintiffs’ expert regarding the maximum class recovery possible at trial; (2) the

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ratio between the class recovery under the settlement and the maximum possible class recovery,

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on either an individual or aggregate basis; (3) a proposal for allocation of attorney’s fees; and

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(4) the scope of the release of claims, which should be coextensive with the claims remaining in

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the action. Counsel also should bear in mind the other guidance set forth in the notice regarding

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factors to be evaluated for any proposed class settlement (Dkt. No. 170).

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IT IS SO ORDERED.

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Dated: June 24, 2011.

WILLIAM ALSUP
UNITED STATES DISTRICT JUDGE