The plaintiffs brought a motion for certification of a class action, approval of a $1 million settlement agreement, and approval of class counsel's fees and disbursements.
The action alleged misrepresentations in WesternOne Inc.'s public documents regarding a construction project.
The court granted the motion, certifying the action, approving the settlement as fair and reasonable given the litigation risks, and fixing class counsel's fees and disbursements.
The net settlement fund, after deductions, was directed to the Access to Justice Fund via a cy-près payment due to the impracticality and uneconomical nature of direct distribution to individual class members.
