GREG KAYS, Chief District Judge.
This case is a consumer class action. Plaintiffs James Komoroski and Galen Verhulst (collectively, "Plaintiffs") purchased utility warranties from Defendant Utility Service Partners Private Label, Inc., doing business as Service Line Warranties of America ("SLWA"), which would defray the cost to repair and replace the water service line running into their home. Plaintiffs allege SLWA denied warranty coverage for legitimate repair claims.
Now before the Court is Plaintiffs' Motion for Award of Attorneys' Fees, Expenses and Class Representative Awards (Doc. 55) and Plaintiffs' counsel's response to the Court's request for additional information to perform a lodestar calculation (Doc. 80). Counsel seek $83,000 in fees and no reimbursement for expenses. After carefully reviewing the augmented record, the Court rules as follows.
A lodestar calculation is the product of the reasonable time spent on a matter times a reasonable rate. City of Burlington v. Dague, 505 U.S. 557, 559 (1992); Dindinger v. Allsteel, Inc., 853 F.3d 414, 429 (8th Cir. 2017). Counsel have provided detailed records which confirm that the total amount of attorney time spent on this matter was approximately 306 hours, the total amount of paralegal time spent on this matter was approximate 66 hours, and that all of the time spent on this matter was reasonable. As for the rate, the proposed fee of $83,000 for 306 hours of attorney time
In light of the result achieved and the reasonable hours worked, the Court finds the proposed fee of $83,000 is more than fair. The motion is GRANTED, and the Court commends counsel for their work.
Plaintiffs' counsel are awarded eighty-three thousand dollars ($83,000) in fees, to be paid pursuant to the terms of the Settlement Agreement.