$2,400,000 TCPA Settlement Granted Final Approval, $92 to Each Class Member

In 2015, Plaintiff Saber Ahmed filed a class action against HSBC Bank USA, N.A. for violations of the TCPA.  In 2017, another Plaintiff, John Monteleone, joined and a First Amended Complaint was filed alleging that HSBC and PHH Mortgage Corporation negligently and willfully violated the TCPA.  After discovery, motions, and a mediation, the parties reach a settlement in 2018.  The Court preliminarily approved a settlement in June 2019, and on December 30, 2019, the court granted final approval to the parties settlement agreement.  This included the class definition, articulated as:

“[a]ll persons within the United States to whom (a) Defendant HSBC or Defendant PHH Mortgage, (b) placed a call (c) to a cellular telephone (d) regarding a mortgage loan owned and/or serviced by, on behalf of and/or in the name of HSBC (e) through the use of any dialing system or an artificial or prerecorded voice (f) between October 6, 2011 and [January 18, 2019].”

The court noted that while the estimated individual recovery was $60 at the time of preliminary approval, based on the numbers of claims submitted, it appears each class member that submitted a claim form will receive at least $92.  Also, there were no objections from any class members to the settlement agreement, and only eight requests for exclusion.  Both named Plaintiffs were awarded $5,000 each.   

The settlement fund available to the class is $2,400,000.  Class counsel was awarded 25% of the gross settlement amount, $600,000, for attorney’s fees, and $51,071.92, in litigation costs.   

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9 Comments

  1. I got a check for 16.68 also. Where’s the 92.00. The lawyers got 600,000 and over 100,000 in litigation fees. We’ve been cheated

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