Kardonick v. JP Morgan Chase & Co. et al, No. 1:2010cv23235 - Document 384 (S.D. Fla. 2011)

Court Description: FINAL JUDGMENT AND ORDER OF DISMISSAL. Signed by Senior Judge William M. Hoeveler on 9/16/2011. (ail)
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Kardonick v. JP Morgan Chase & Co. et al Doc. 384 UNI TED STATES DI STRI COURT CT SO U TH ER N D ISTR ICT O F FL OR I A D Case N o.10- 23235/ O EV ELE R cvH DAVI K ARDO N I ,i vi D CK ndi dualy and on l behal ofal ot s si iarl s t ed and t f 1 her m l y iuat he generalpublc i, Pl ntf , ai if CLOSED CI L VI CASE JPM ORGAN CH ASE & CO .and CH ASE BAN K U SA ,N . . A Def endant s. FI AL JU D G M EN T AN D OR D E R O F D I I N SM SSAL The Cour havi hel a Fai t ng d rness H ear ng on Sept ber 9,2011,notc of i em ie t Fai he rness H eari havi been dul gi ng ng y ven i acc n ordance wi h t s Cour ' t hi ts Co r c e Or r ( ) Co to ly Ce tf i a Se te e Cl s ()Pr lmi rl r e t d de 1 ndii na l r iy ng tl m nt as , 2 e i na iy Appr v ng Cl s Ac i n Se teme , ( ) Appr v ng No ie Pl and ( ) Se tng oi as to tl nt 3 oi tc an, 4 ti Fa r s He i rpr lm i r Appr va Or e n, and ha i c nsde e a l ine s arng d ei na y o l d r) v ng o i r d l m a t r s it d t i a t Fa r s Hea i and o he wi e a fnd ng noj t te s ubm te o t t he ines rng t r s , nd i i us reason f de ay i ent y of t s Fi or l n r hi nal Judgm ent and good cause appear ng i t ef her ore, i i her t s eby ORDERED AN D AD JU D GED as f l w s: olo 1. The Stpul i and A greem ent of Cl s Ac i Set l ent i l ng i at on as ton t em , nc udi is e hi t (he d tl m e Agr e nf', da e De e be 20, 201 a t t x bis t d te nt se e me ) t d c m r 0 nd he 1 Dockets.Justia.com dèfni i n of w o and t s co ned t i ar i or i to rds erm ntai here n e nc porat by r ere e i ed ef nc n t s Orde hi r. The t m s of t s Cour ' Pr i i y Appr er hi ts elm nar oval Order are al o s i or nc porat by r er ed ef ence i t sO r n hi der. Thi Co t has j i d c i n o r t s j c m a t r o t Lii ato s ur urs ito ve he ub e t t e f he tg i n and o ver al Par i t t Li i i i l ng a1 m em ber of t f l i l t es o he t gaton, nc udi l s he olow ng Se tem ent Cl tl ass c ondi i l cer ii f s t em ent pur es i t s Cour ' t onaly t fed or et l pos n hi ts Pr i i y ApprovalOrder elm nar . 3. Pur suantt Feder Rul ofCi lProc o al e vi edur 23,and f pur es o e or pos f s tem entonl t Cour here c t fes t s ac i as a c as ac i on behal of et l y, he t by er ii hi t on l s ton f t f l i Set l ent Cl s: he olow ng tem as Al Chas Car l e dhol s who were enro l or bil f a der led led or Paym entProt t on Pr ec i oductat any t m e be w een i t Se em ber 1,2004 and N ovem ber 11,2010. Exc uded pt l f om t c as are al Chas Car r he l s 1 e dhol s w hos Chas der e e Cr tCard Ac edi count t w er enr l or bil f a s hat e oled led or Paym entProt t on Pr ec i oduc w er di harged i t e sc n bankr c upt y. The Cour fnds t pr equi iesofc as c t fc i f a s t em ent ti he er st l s er ii aton or et l ca sunde Rul 23()and 23*)3 ha be n m e . ls r e a ( ) ve e t The Cour here appoi s D avi Kar t by nt d doni k,John D avi and M i c d, chael Cl i as Cl Repr em ns ass esent i oft Set l ent Cl s. at ves he tem as 6. Ha ngc nsde e t f c o ss tf r h i Rul 23( ) and ha ng f vi o i r d he a t r e o t n e g , vi ound Go om b & H oni P. ,and Car W ilam sBat Puli & Bowm an,PLLC t be l k, C. ney li es lam o adequat t Cour he by appoi s Gol b & Honi P. and Car y W ilam s e, he t re nt om k, C. ne li Bat Puli & Bowm an,PLLC as Cl s Couns t r es t Se t em ent es lam as el o epr ent he t l Cl s.Cl Couns and Cl s Re as ass el as pres atve ent i 2 Pl ntf shave f rl and adequat y r ai if ai y el epres ed t Cl w ih ent he ass t res tt t Set l entand t Stpul i pec o he t em he i at on. 8. The Cour her t eby fnds t t Set l ent Agr ent i t produc i hat he tem eem s he t ar ' l h s t em ent negot at ons bet een t m s engt et l i i w he Set l ent Cl t em ass Repr esent i and Cl s Counse ,and D ef at ves as l endant s. 9. The Cour her t eby fnds and c l i onc udes t hat t he Not c w as ie di sem i ed t m em bers oft Set l ent Cl s i ac ordanc wi h t t m s s s nat o he t em as n c e t he er et f t i t Set l entAgr ent t t Longor h n he t em eem Form N ot c w as di sem i ed t ie s nat o , hat he al m em bers of t Set l ent Cl s w ho r l he tem as eques ed s t uch no i e, t t c hat t he Publcat on N otc w as publs i i ie i hed i ac dance wi h t t s s f t i t n cor t he erm et or h n he Set l entAgreem ent and t t N o i Long- m N ot c , and t Publcat on tem , hat he t ce, Ter ie he i i Not c and t r di s i i w er i c plance w ih t s Cour ' Pr i i y i e, hei s em nat on e n om i t hi ts elm nar Appro Order. val 10. The Cour f her fnds and c l t urt i onc udes t t Not c , t Long- m hat he i e he For N o i e, t Publc i N otce, t Cl m s For s, and t notce and c ai s t c he i at on i he ai m he i l m s ubm i s on pr edur s f t i Sec i V1 l oft Set l entA gr ent f l si oc es et or h n t on I he t em eem uly s i y Rul 23 oft FederalRul ofCi lPr atsf e he es vi ocedur and t r e he equi em ent ofdue r s pr s, w er t bes not c prac i abl under t c r um s anc , pr ded oces e he t ie tc e he i c t es ovi i vi ndi dual not c t al m em bers of t Set l ent Cl w ho coul be i ii ie o l he t em ass d dentfed t o h r as na e efo t a s hr ug e o bl f r , nd uppo tt Co ts e r i e o j i d c i n o rt r he ur ' xe cs f ur s ito ve he Set l ent Cl s as c em pl ed i t Set l ent and t s Or . t em as ont at n he tem hi der 11. Thi Court here fnds and conc udes t s by i l hat not c pro ded by Chas ie vi e t t a o i t St t a f de alo fc a s pur ua t 28 U . C.j 171 f l o he ppr pr a e a e nd e r fii l s nt o S. 5 uly s i fed t requi em ent oft s at e. at s i he r s hat t ut 1 2. The Co thasc nsde e and o r ul a lo j c i nst t ur o i rd ve r ed l b e to o he Set l ent. t em 13. Seve Cl M em ber have r ral ass s eques ed t o outoft Set l ent t o pt he t em (optoutPl i ifn. The Op - Pl ntfs who a els e i Do ke Ent y 367 ' t a ntfs ) t out ai if , r it d n c t r 7,have c pled wi h t Cour ' pr edur and wilnotbe bound by t t m s of om i t he ts oc es l he er t s Set l ent. hi tem 14. The Cour her fnaly appro t Set l ent Agreem ent and t t eby i l ves he t em he Set l ent c em pl ed t eby, and fnds t tem ont at her i hat t t m s cons i ut , i al he er tt e n l r pec s, a f r, r es t ai easonabl and adequat s t em ent as t al Set l ent Cl e, e et l o l tem ass M em bers i ac rdanc w ih Rul 23 oft Federal Rul of Ci l Pr n co e t e he es vi ocedur , and e di ec s is c um m at on pur r t t ons i suantt is t m s and c o t er ondi i . t ons 1 5. Thi Co t he e dim is s wih pr j c w i hout costs to any s ur r by s s e , t e udie, t par y,exce as e ess y pr ded f i t Set l ent Agr ent, t Am ended t pt xpr l ovi or n he t em eem he Cons i ed Cl Ac i Com pl nt oldat ass t on ai . 1 6. Upon Fi lAppr val(ncud ng wiho lm ia i n,t e na o i l i , t ut i t to he xhaus i n o to f any j calr vi w,o r ue t f rj i i lr v e fo t s Fi lJudg e a udii e e r eq s s o ud c a e i w, r m hi na m nt nd Or e o Dim is l,t Se teme Cl sRe e e a i s and e h a e r o d r f s s a ) he t l nt as pr s nt tve ac nd ve y ne o t Set l ent Cl M em bers uncondii l , f l f he t em ass tonaly uly,and fnaly r eas and i l el es f ver di harges t Rel ed Partes f m t Rel ed Cl m s. I addii any ore sc he eas i ro he eas ai n ton, r ght of t Set l ent Cl s Repr i s he tem as esent i atves and eac and every one of t h he Set l ent Cl s M em ber t t pr e i aforded under Sec i 1542 of t t em as s o he ot ctons f t on he Calf ni Ci l Code and/ any ot ior a vi or her sm iar, c parabl or equi ent l w s,are i l om e, val a t m i ed. er nat 4 Each and ever Se t em ent Cl s M em ber and any pers act l or y tl as on ualy , pur r e l a tng o be l o a Se teme Cl s M e be t) i he e po t d y c i n ha f f ny tl nt a s m rs , s r by pe m a nty bar e and e j i d fom c m mencng i tt i c ntnui , r ne l rd n one r o i , ns iutng, o i ng pur ui m ai ai ng,pr ec i , o e o cng any Reea e Cl i s (ncudi s ng, nt ni os ut ng r nf r i l s d a m i l ng, wi hout lm i at on,i any i vi t i t i n ndi dual c assor put i c ass r es atve or o her atve l , epr ent i t , l ac in o pr c e ng ,d r cl o i ie ty, n a j ii ,adm i s r tv ar t a , to r o e di ) i e ty r nd r c l i ny ud cal nit a i e, bir l or o her f um ,agai tt Rel t or ns he eased Par i . Thi pe mane ba a i j to i t es s r nt r nd n unc i n s nec ar t pr ec and efec uat t Se t em entA greem ent t s Fi Judgm ent ess y o ot t f t e he t l nal , hi and Or der of Di i al and t s Cour ' aut iy t efec uat t Set l ent sm ss , hi ts hor t o f t e he tem Ag e m e ,and i o d r d i ai o t s Co ts j i d c i n and t pr t c is r e nt s r e e n d f hi ur ' urs i to o oet t j me s udg nt . 1 8. The Se te e Ag e m e (ncud ng, t utlm iato ise b t ) t lm nt r e nt i l i wiho i t i n, t xhi is , and any and a1 negot at ons,docum ent , and di c si ass i ed wi h i ,s l l i i s s us ons oc at t t hal not be deem ed or const rued t be an adm i i or evi o ss on denc of any vi at on of any e ol i s at e,l ,rul r t ut aw e, egul i orpri i e ofcom m on 1 or equiy, o ofany labiiy aton nc pl aw t r i lt or w r ongdo ng by Def i endant or of t t ut of any of t c ai s ass ed i t s, he r h he l m ert n he Am ended Cons i ed Cl s Ac i Com pl nt or i t c pl nt fl i t oldat as t on ai n he om ai s ied n he Lii i t gat on, and evil e r at ng t t Set l ent Agreem ent shal not be tenc el i o he t em l di overabl or us di ec l or i r ty, i any w ay,whet i t Lii i or sc e ed, r ty ndi ec l n her n he t gat on i any ot n her ac i or pr eedi , exc f r pur es of enf i t t s and ton oc ng ept o pos orc ng he erm c ondi i of t Set l ent A gr ent t Prelm i y Approval Or t ons he tem eem i nar der,and/ or , he t s Or hi der. 19. l f any r on t Se t em ent t rm i es or Fi Appr f or eas he t l e nat nal ovaldoes not occ t ur, hen t Am ended Cons i ed Cl A c i Com pl nt s l be di m i sed he oldat ass t on ai hal s s ' wiho pr j c , t o r tve Co a n s s l be t Com pl nt fl t ut e udie he pe a i mpl i t ha l he ai s ied pr ousy i t Lii i and c t fc i of t Set l ent Cl evi l n he t gat on, er ii aton he t em ass s l be hal deem ed vac ed. l s h an event t cer ii i of t Set l ent Cl s f at n uc , he t fcat on he tem as or s t em ent pur et l poses s l not be c i red as a f t i c hal ons de ac or n onnec i wi h any t on t s equent c ass cer ii i i ues, and t Par i s lr urn t t st us quo ubs l tfcat on ss he t es hal et o he at ant i t Lii ato wiho pr j ie t t rg o any o t Par i st as e t e n he tg in, t ut eud c o he i ht f f he te o s r any r ghtor pos t on t coul have been ass t i t Set l enthad neverbeen i i i hat d er ed f he t em r hed or pr eac opos t t Cour . ed o he t 20. l t event t n he hat any pro s on oft Se t em ent or t s Fi Orde vi i he t l hi nal r and Judgm ent of Di i sali ass t by D ef sm s s er ed endant as a def e i w hol or i s ens n e n par t a Cl m ,o o he wi e as e t d (nc udi wiho lm ia i n,as a bass t o ny ai r t r s s r e i l ng, t ut i t to i f a s ay) i any ot sui,ac i or pr or t n her t ton, oceedi br ng ought by a Set l tement Cl ass M em ber or any Pers ac ualy o pur t y ac i on behal of any Set l ent on t l r por edl t ng f tem Cl s M e rs ,t t s t a to o o he pr c e i s l be i me at l s a d as mbe t) ha ui, c i n r t r o e d ng ha l m di e y t ye a e j i d untlt s Co to t c ur o t i li whih t c a m i pe ng nd n o ne i hi ur r he o t r rbuna n c he l i s ndi has det m i any i uesrel ed t suc def e or ass i . Sol y f pur er ned ss at o h ens erton el or poses ofs h s t ac i or o he pro uc ui , t on, t r ceedi , t t f l text t ng o he ules ent hey m ay e f t ve y do fec i l s under applc e l ,t Partes i re o i abl aw he i r vocabl w ai and agr not t as t by y ve ee o ser , wa o mo i n,as a de e e o o he wi e any cai o o j c i n t t y ar no y f to f ns r t r s , l m r b e to hat he e t s bj c t t j idito o t Co t o t tt Co ti , n a wa an i o r u e t o he urs c i n f he ur , r ha he ur s i ny y, mpr pe venue or an i onveni nc ent f orum . Thes pr s ons ar neces y t pr ect t e ovi i e sar o ot he Set l ent A gr tem eem ent t s Or , hi der and t s Co ts aut iy t efec uat t hi ur ' hor t o f t e he Se te e ,a ar o de ed i a d o t s Co tsj i dito and t pr t c is tl m nt nd e r r n i f hi ur ' ur s c i n o oe t t ' J udgm ent. By at hi tac ng t he Set l ent A greem ent as an exhi t and t em bi i or nc porat ng i s t na her n, t Court det m i i t er s ei he er nes t hat t s Fi Judgm ent hi nal c mple i a lr s c swih Fe e a Rul o Ci lPr c e 65 d)1 . o i s n l e pe t t d r l e f vi o edur ( ( ) 22. The Cour appr t oves,i par Cl s Couns ' applcat on f a Fee and n t, as els i i or Expens Award,and aw ar t amount of $3, 000. i at orneys f and e ds he 500, 00 n t ' ees $62, 54 i rei burs e of ltgaton expenses, and f Setl ent Cl 676. n m em nt ii i or tem ass Repr ent i 'Aw ards i t am ount o $2, t be pai t each oft t ee es atves n he f 500 o d o he hr Cl s Repr as esent i at ves. 23. The Courthasext ended t deadlne f s he i or ubm it ng a cl m on t ti ai he Set l ent Fund t ough and i l ng Sept ber 9, 2011. Any Cl m For t em hr nc udi em ai m pos m ar on orbef Sept ber 9,2011,or r ei on o bef e Sept ber 9, t ked ore em ec ved r or em 2011,wilbe t eat ast m el fl l r ed i y ied. The Cour o t rder t t s Fi Judgm ent and Order o di m i s hat hi nal f s ssal s l hal c ns iut a fna j m e pur ua t Rul 5 o t Fed r l Rul s o Ci l o tt e i l udg nt s nt o e 4 f he ea e f vi Proc edur The Cl k of t Cour i di t t ent t s Order on t doc e. er he t s rec ed o er hi he ket f t t or hwi h. I lght oft s Order,al m ot ons t i er n i hi l i o nt vene ar DENI , t m o i t e ED he t ons o 1 her ng ons ed wihdr w o e to are GRANTED ,and a1 ot pendi m oti are deni , as t a bj c i ns m oot. 4 J aoSpe e21, Mim,lia ldyfet r01i a iFod. mb n r D ON E AN D ORDERED t s hi X f TH E ON ORABLE W I AM M .H OEVELER LLI SEN I U N I OR TED STATES DI STRI JU D GE CT Co es t c pi o: ounselofr ecor d