In re Robinhood Outage Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
In Re: Robinhood Outage Litigation Master File No. 3:20-cv-01626-JD
CLASS ACTION
[PROPOSED] ORDER RE ATTORNEYS’
FEES, EXPENSES, AND SERVICE
AWARDS
10 The Court granted final approval of the class settlement. Dkt. No. 201. Counsel for plaintiffs 11 have requested an award of (i) attorneys’ fees equaling 30% of the $9,900,000 non-reversionary 12 settlement amount ($2,970,000), (ii) unreimbursed expenses totaling $1,102,432.84, and (iii) “service 13 awards” in the amount of $2,500 per named plaintiff. Dkt. No. 190. The Court grants the request as 14 stated below. This order is based a draft lodged by plaintiffs and modified in accordance with the 15 Court’s practices and conclusions.
I. ATTORNEYS’ FEES
17 1. Reasonable attorney’s fees and costs are allowed under Federal Rule of Civil 18 Procedure 23(h). 19 2. In approving a settlement, “courts have an independent obligation to ensure that the 20 award [of attorneys’ fees], like the settlement itself, is reasonable.” In re Bluetooth…