Rilley et al v. MoneyMutual, LLC et al
Filing
343
ORDER OF FINAL APPROVAL OF SETTLEMENT re: 312 Motion for Approval of Final Settlement(Written Opinion) Signed by Judge Donovan W. Frank on 4/14/2020. (las)
UNITED STATES DISTRICT COURT
DISTRICT OF MINNESOTA
Scott Rilley, Michelle Kunza, Venus
Colquitt-Montgomery, Jonathon Aldrich,
and Kendra Buettner, individually and on
behalf of the class,
Plaintiffs,
Case No. 16-4001 (DWF-LIB)
ORDER OF FINAL APPROVAL
OF SETTLEMENT
v.
MoneyMutual, LLC, Selling Source, LLC,
and PartnerWeekly, LLC,
Defendants.
Plaintiffs Scott Rilley, Michelle Kunza, Venus Colquitt-Montgomery, Jonathon
Aldrich, and Kendra Buettner (“Plaintiffs” or “Class Representatives”), on behalf of
themselves and the Class, and Defendants MoneyMutual, LLC, Selling Source, LLC, and
PartnerWeekly, LLC (“Defendants”) (together with Plaintiffs, the “Parties”), have
entered into a Settlement Agreement (the “Settlement Agreement”), providing for the
settlement of this case.
A Fairness Hearing was held before this Court on April 2, 2020, to consider,
among other things, whether the settlement represents a fair, reasonable, and adequate
compromise of the Action, and the amount to be paid to Class Counsel as fees and
litigation costs for prosecuting the Action.
Based upon the presentations of the parties, including all submissions of the
parties, including the Preliminary Order Approving Settlement and the proposed Final
Approval of Settlement, and the Court being otherwise duly advised in the premises,
hereby enters the following:
ORDER
1.
This Final Judgment incorporates by reference the definitions in the
Settlement Agreement, and all capitalized terms used in this Final Judgment will have the
same meanings as set forth in the Settlement Agreement, unless otherwise defined in this
Final Judgment.
2.
This Court has jurisdiction over the subject matter of this Action, the Class
Representatives, the Class, and Defendants. Consequently, Final Approval of the
Settlement, and the request for entry of a Final Judgment will be GRANTED by this
Court.
3.
The Court finds that the Settlement Agreement is the product of good faith
arms-length negotiations by the Parties, each of whom was represented by experienced
counsel.
4.
This Court approves all terms set forth in the Settlement Agreement and the
settlement reflected therein, and finds that such settlement is, in all respects, fair,
reasonable, adequate and in the best interest of the Class Members, and the Parties to the
Settlement Agreement are directed to consummate and perform its terms.
5.
The Parties dispute the validity of the claims in the Action, and their
dispute underscores not only the uncertainty of the outcome but also why the Court finds
the Settlement Agreement to be fair, reasonable, adequate and in the best interests of the
Class Members. Class Counsel have reviewed the Settlement Agreement and finds it to
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be in the best interest of the Class Members. For all of these reasons, the Court finds that
the uncertainties of continued litigation in both the trial and appellate courts, as well as
the expense associated with further litigation, weigh in favor of approval of the settlement
reflected in the Settlement Agreement.
6.
The Court finds that the Notice provided for in the Order of Preliminary
Approval of Settlement has been provided to the Class, and the Notice provided to the
Class constituted the best notice practicable under the circumstances, and was in full
compliance with the notice requirements of Rule 23 of the Federal Rules of Civil
Procedure, due process, and other applicable law. The Notice apprised the members of
the Class of the pendency of the litigation; of all material elements of the proposed
settlement, including but not limited to the relief afforded the Class under the Settlement
Agreement; of the res judicata effect on members of the Class and of their opportunity to
object to, comment on, or opt-out of, the settlement; of the identity of Class Counsel and
of information necessary to contact Class Counsel; and of the right to appear at the
Fairness Hearing. Full opportunity has been afforded to members of the Class to
participate in the Fairness Hearing. Accordingly, the Court determines that all Class
Members, less any opt-outs, are bound by this Final Judgment in accordance with the
terms provided herein.
7.
The term “Effective Date” as used herein shall have the same meaning as
set forth in the Parties’ Settlement Agreement.
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8.
Within seven days of the Effective Date of the settlement, Defendants shall
deliver to the Settlement Administrator for deposit the Settlement Amount of the
$2,000,000 in accordance with the Settlement Agreement.
9.
Having reviewed the submissions of Class Counsel, the Court finds that the
sum of $1,212,045.78 is reasonable compensation for Class Counsel’s attorneys’ fees and
expenses. The Settlement Administrator will pay this sum, from the Settlement Amount,
by wire transfer to Class Counsel seven days following the receipt of the Settlement
Amount, in accordance with the Settlement Agreement.
10.
Having reviewed the submissions of Class Counsel, the Court finds that
$6,500 to each Class Representative is reasonable compensation for the Named Plaintiffs’
services in this matter. The Settlement Administrator shall pay these sums out of the
Settlement Amount to each Named Plaintiff within seven days following the receipt of
the Settlement Amount, in accordance with the Settlement Agreement.
11.
Having reviewed the submissions of Class Counsel, the Court finds that the
not to exceed $80,000 requested amount is reasonable compensation for the settlement
administration services provided by American Legal Claim Services in this matter.
12.
Within seven days following the receipt of the Settlement Amount, the
Settlement Administrator shall mail out checks to the Class Members who returned valid
Claim Forms, in accordance with the Settlement Agreement.
13.
In accordance with the Settlement Agreement, all checks issued to Class
Members shall bear a legend stating that the check shall only be valid for 90 days after
the date of issuance. The Settlement Administrator will effect the distribution of the sum
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of any settlement checks that remain uncashed after the last check void date in
accordance with the Settlement Agreement. Any charitable distributions made pursuant
to the Settlement Agreement shall be distributed to the cy pres organization, which the
Court approves as Exodus Lending.
14.
On the Release Effective Date, for the benefits and consideration outlined
in the Settlement Agreement, all Class Members who have not timely and properly opted
out of the Settlement, and each of their respective executors, representatives, heirs,
successors, trustees, guardians, agents, and all those who claim through them or who
assert claims on their behalf, fully and forever release, waive, acquit, and discharge the
Defendants from any claims that were or could have been asserted in the Complaint.
This release of claims explicitly includes claims for actual damages, statutory damages,
and punitive damages, as well as for attorneys’ fees and costs.
15.
If the Effective Date, as defined in the Settlement Agreement, does not
occur for any reason whatsoever, this Final Judgment and the Order of Final Approval of
Settlement shall be deemed vacated and shall have no force and effect whatsoever.
16.
Without affecting the finality of this Final Judgment in any way, this Court
retains continuing jurisdiction for the purpose of enforcing the Settlement Agreement and
this Final Judgment, and other matters related or ancillary to the foregoing.
17.
Based upon good cause appearing, and there being no just reason for delay,
the Court directs that this Final Judgment be, and hereby is, entered as a final and
appealable order.
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LET JUDGMENT BE ENTERED ACCORDINGLY.
Dated: April 14, 2020
s/Donovan W. Frank
DONOVAN W. FRANK
United States District Judge
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