Hernandez

Hernandez v. Wells Fargo Bank, N.A.

Good Law
United States District Court, Northern District of CaliforniaJanuary 9, 20223:18-cv-07354California5,723 words

Opinion

Trial Court Opinion

INTRODUCTION

15 In this long-running wrongful foreclosure class action, plaintiffs move for final approval 16 of a supplemental class settlement and for attorney’s fees and litigation expenses. Because the 17 settlement is fair, adequate, and reasonable, final approval is GRANTED. And because class 18 counsel has worked diligently and represented the class ably, and the request for fees is 19 reasonable, the request for attorney’s fees is GRANTED. The requests for administration and 20 litigation expenses are also GRANTED.

STATEMENT

22 “In response to the unfolding financial crisis of 2008, Congress passed the Emergency 23 Economic Stabilization Act, Pub. L. No. 110-343, 122 Stat. 3765. This law included the 24 Troubled Asset Relief Program, which required the Secretary of the Treasury, among many 25 other duties and powers, to implement a plan that seeks to maximize assistance for 26 homeowners and encourage the servicers of the underlying mortgages to take advantage of 27 Department in 2009 started the [Home Affordable Modification Program (HAMP)] program to incentivize banks to refinance mortgages of distressed homeowners so they could stay in their …

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