Quatinetz v. Optio Solutions LLC et al, No. 7:2019cv08576 - Document 50 (S.D.N.Y. 2021)

Court Description: FINAL JUDGMENT: NOW, THEREFORE, IT IS HEREBY ORDERED: The Court has jurisdiction over the subject matter of the Lawsuit and over all settling parties hereto. The Settlement Agreement, which is deemed incorporated herein, is finally approved and shall be consummated in accordance with the terms and provisions thereof, except as amended by any order issued by this Court. The material te1ms of the Settlement Agreement include, but are not limited to, the following: 1. Settlement Fund - Defendants w ill establish a settlement fund of $46.95 per class member for a total of $22,159.70 (the "Settlement Fund") 2. Settlement Payment to Class Members - Each Class Member who has not excluded themselves from the Class with a postmar k date no later than June 7, 2021 will receive a $46.95 check from the Settlement Fund. Each settlement check will be void ninety days after mailing. To the extent that any funds remain in the Settlement Fund after the void date (from uncashed checks or otherwise), these funds will be returned to the Defendants. 3. Class Representative Settlement Amount - Class Representative will receive from Defendants the sum of $1,000.00 pursuant to 15 U.S.C. § 1692k(a)(2)(B)(i) and $500 .00 as an incentive award for their work on behalf of the Class Members for a total amount of $1,500 ("Class Representative Settlement Amount"). These payments will be separate and apart from the Settlement Fund and Plaintiff's pr o-rata share of the same. 4. Attorneys' Fees, Expenses, and Costs of Class Counsel- Subject to this Court's approval, Defendants will pay Class Counsel the total sum of $40,000.00 for its reasonable attorneys' fees, costs and exp enses ("Attorneys' Fees"), separate and apart from the Settlement Fund, the Class Representative Settlement Amount, and any Settlement Administration Costs. The $40,000 will be paid as follows, $20,000 in a check made payable to Law Offices ofShimshon Wexler, Attorney Trust Account and $20,000 in check payable to Law Offices of GusMichael Farinella, PC, Attorney Trust account; and5. Settlement Notice and Administration - Separate from the Settlement Fund, theClass R epresentative Settlement Amount, and the Attorneys' Fees, Defendants are responsiblefor paying all costs of notice and administration of the settlement ("Settlement AdministrationCosts"), which will be completed by Phoenix Class Action Administration Solutions. (As further set forth herein.) (Signed by Judge Cathy Seibel on 7/16/2021) (nb)
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Quatinetz v. Optio Solutions LLC et al Dockets.Justia.com Doc. 50