- Case Date: July 11, 2023 - Parties involved: Plaintiff (class), Defendant, class counsel (including Morganti & Co., P.C.), Administrator (class counsel), Referee (David Robins) I. Settlement Approval: - Proposed settlement agreement dated July 11, 2023, between Plaintiff and Defendant. - Settlement amount: $4,000,000, less fees, disbursements, expenses, and taxes. - Plan of Allocation for pro-rata distribution of settlement funds. - Class action period: November 12, 2018, to February 6, 2019. - Extensive negotiation with experienced counsel. - No opt-outs or objections to the proposed settlement. - Proposed honorarium of $7,500 for the representative Plaintiff. II. Fee Approval: - Class counsel financed the litigation entirely. - Contingency Fee Retainer Agreement (October 5, 2022) for fees ranging from 28% to 30% of the settlement amount. - Requested legal fees: $1,200,000 (30% of the Settlement Amount). - Legal fees were deemed "presumptively valid" at 30%. - Investment of approximately $900,000 in professional time by class counsel. - Incurred disbursements of $76,236.90. III. Disposition: - Approval of Settlement Agreement, Second Notice, Plan of Notice, Plan of Allocation, and Claim Form. - Appointment of class counsel as Administrator and David Robins as Referee. - Claims Bar Deadline was set at 120 days after the last publication of the Second Notice. - Authorization of a $7,500 honorarium for the representative Plaintiff. - Approval of the Contingency Fee Retainer Agreement. - Approval of class counsel fees ($1,200,000), taxes ($156,000), and disbursements ($76,236.90). - Dismissal of the action with prejudice and without costs.