Opinion
19 CV 3460 (VB)
01-10-2020
ORDER
On January 7, 2020, the parties in this Fair Labor Standards Act case filed a settlement agreement and joint statement explaining the basis for the agreement (Doc. #52), as required by Cheeks v. Freeport Pancake House, Inc., 796 F.3d 199 (2d Cir. 2015).
In reviewing the proposed settlement agreement, the Court has considered the following factors:
(i) the parties' position as to the proper valuation of plaintiffs' claims;
(ii) the risks and costs of continuing to litigate;
(iii) plaintiffs are represented by counsel;
(iv) class plaintiffs no longer work for defendants;
(v) the parties settled with the assistance of an experienced mediator;
(vi) the settlement agreement contains a neutral reference provision;
(vii) the settlement agreement does not contain a confidentiality provision;
(viii) plaintiffs are receiving a discounted amount of owed wages, estimated based on plaintiffs' recollections;
(ix) the parties desire to resolve this action early and avoid the costs and uncertainty associated with drawn-out litigation; and
(x) the release, though broad, contains an exception for plaintiff Julissa Morales's claims against defendants included in the EEOC Charge dated on or about September 4, 2019.
Based on the foregoing, the Court finds the settlement agreement is fair and reasonable, and the product of arm's-length negotiation, not fraud or collusion.
Additionally, the Court finds the attorneys' fees, which are one ninth of the total recovery, to be fair and reasonable under the circumstances.
CONCLUSION
Accordingly, the parties' settlement agreement (Doc. #52-1) is APPROVED.
The Clerk is instructed to close this case. Dated: January 10, 2020
White Plains, NY
SO ORDERED:
/s/_________
Vincent L. Briccetti
United States District Judge