FINAL JUDGMENT AND ORDER APPROVING THE CLASS SETTLEMENT

TIMOTHY J. CORRIGAN, District Judge.

On February 23, 2018, this Court entered an order granting preliminary approval (the "Preliminary Approval Order") (Doc. 208) of the settlement between Plaintiffs Daniel Finerman and Donna Devino ("Plaintiffs"), on their own behalf and on behalf of the Settlement Class (as defined below), and Defendants Marriott Ownership Resorts, Inc. ("MORI") and International Cruise & Excursion Gallery, Inc. ("ICE"), as memorialized in the Settlement Agreement attached as Exhibit 1 to Plaintiffs' Motion for Preliminary Approval of Class Action Settlement and Certification of Settlement Class (the "Settlement Agreement") (Doc. 205-1.)1

On August 3, 2018, the Court held a fairness hearing (the "Fairness Hearing"), for which members of the Settlement Class had been given appropriate notice. (Doc. 220). An opportunity to be heard was given to all persons requesting to be heard in accordance with the Preliminary Approval Order. Having considered the Settlement Agreement, Plaintiffs' Motion for Final Approval of the Class Action Settlement, and Motion for Service Award and Attorney's Fees, Costs, and Expenses, and all other evidence submitted,

IT IS HEREBY ORDERED THAT:

1. This Court has jurisdiction over Defendants and all Settlement Class Members (including all objectors), the Escrow Account, and the claims asserted in the Action for purposes of the Settlement.

2. The Settlement Agreement was entered into in good faith following arm's length negotiations and is non-collusive.

3. This Court GRANTS Plaintiffs' Unopposed Motion for Final Approval of Class Action Settlement and Certification of Settlement Class (Doc. 209), including but not limited to, the Releases in the Settlement Agreement, and finds that it is in all respects fair, reasonable, and in the best interest of the Settlement Class. Therefore, all members of the Settlement Class who have not opted out are bound by this Order finally approving the Settlement.

CLASS CERTIFICATION

4. The previously certified class set forth below (the "Settlement Class") is now finally certified, solely for purposes of this Settlement, pursuant to Federal Rule of Civil Procedure 23(a) and (b)(3):

5. The Court finds that certification of the Settlement Class solely for purposes of this Settlement is appropriate in that (a) the Settlement Class is so numerous that joinder of all members is impracticable; (b) there are questions of law and fact common to the Settlement Class that predominate over any questions affecting only individual Settlement Class Members; (c) Plaintiffs' claims are typical of the claims of the Settlement Class; (d) Plaintiffs have fairly and adequately protected the interests of the Settlement Class and will continue to do so; (e) John A. Yanchunis and Joel R. Rhine are adequate Settlement Class counsel; and (f) a class action is the superior method for the fair and efficient adjudication of this controversy.

6. Daniel Finerman and Donna Devino are designated as representatives of the Settlement Class (the "Settlement Class Representatives").

7. John A. Yanchunis, Sr. and Joel R. Rhine are appointed as Settlement Class Counsel.

CLASS NOTICE

8. Notice to the Settlement Class fully complied with the requirements of Federal Rule of Civil Procedure 23(c)(2)(B) and due process, constituted the best notice practicable under the circumstances, and was due and sufficient notice to all persons entitled to notice of the settlement of the Litigation. The Court approved the forms of notice to the Settlement Class.

9. With respect to the Settlement Class, this Court finds that certification is appropriate under Federal Rule of Civil Procedure 23(a) and (b)(3). Notice was given by Mail in accordance with the Settlement Agreement and the Preliminary Approval Order. The Class Notice, Claim Form, Preliminary Approval Order, Petition for Attorney's Fees, and Settlement Agreement (without exhibits) were also posted on the Settlement Website at www.cruisefaresettlement.com. These forms of class notice fully complied with the requirements of Rule 23(c)(2)(B) and due process, constituted the best notice practicable under the circumstances, and were due and sufficient notice to all persons entitled to notice of the settlement of this lawsuit. A total of 3,690 claim forms were submitted, 2,487 of which were timely, complete, and have been approved. (Doc. 219 ¶ 10).

OBJECTIONS AND OPT-OUTS

10. No objections were filed by Settlement Class Members. (Doc. 219 ¶ 9).

11. No exclusion requests were filed by Settlement Class Members. (Doc. 219 ¶ 9).

CLASS COMPENSATION

12. Within sixty (60) days of the Effective Date, Defendants shall distribute to the Settlement Class Members who submitted timely and valid claim forms remuneration in accordance with the Settlement Agreement.

AWARD OF ATTORNEYS' FEES AND INCENTIVE AWARD

13. The Court has considered Settlement Class Counsel's Motion for Service Award and Attorneys' fees, costs, and expenses (Doc. 210), Defendants' response in opposition (Docs. 211, 212), and Settlement Class Counsel's reply (Doc. 214). The Court also held a lengthy hearing on the attorneys' fees motion, the record of which is incorporated by reference. (Doc. 220).

Plaintiffs seek $4,000,000 in attorneys' fees and $300,000 in costs and expenses. (Doc. 210 at 2). Defendants agreed not to object if Plaintiffs sought up to $3,000,000 in attorneys' fees, but reserved their right to object to anything in excess of that amount. (Doc. 211 at 2). They do not object to Plaintiffs' request for costs and expenses. (Doc. 211 at 1 n.1). The Court finds reasonable the parties' agreement that it should award at least $3,000,000 in attorneys' fees and $300,000 in costs. The remaining question is whether the Court should award attorneys' fees greater than $3,000,000 and up to $4,000,000.

The Court evaluates the attorneys' fee request in light of the standard set forth by the Eleventh Circuit in Camden I Condominium Association, Inc. v. Dunkle, 946 F.2d 768, 773 (11th Cir. 1991). In Camden I, the Eleventh Circuit stated that an attorney's fee in a common fund case should be calculated as a reasonable percentage of the recovery received by the class.2 Id. at 773. The court stated that district courts should begin with a 20-30% range and adjust the percentage up or down based on "the individual circumstances of each case, as opposed to the lodestar hourly fee used in statutory fee awards." Id. at 775. The Camden I court observed that "district courts are beginning to view the median of this 20% to 30% range, i.e., 25%, as a `bench mark' percentage fee award" in common fund cases in the Eleventh Circuit. See Amason v. Pantry, Inc., No. 7:09-CV-02117-RDP, 2014 WL 12600263, at *2 (N.D. Ala. July 3, 2014) (25% of the fund viewed as a benchmark percentage fee award); James D. Hinson Elec. Contracting Co. v. BellSouth Telecomms. Inc., No. 3:07-CV-598-TJC-MCR, 2012 WL 12952592, at *2 (M.D. Fla. July 30, 2012) ("the benchmark of 25 percent approved by the Eleventh Circuit in Camden I"); In re Sunbeam Sec. Litig., 176 F.Supp.2d 1323, 1334 (S.D. Fla. 2001) (25% benchmark in common fund case). The parties likewise agree that the benchmark in the Eleventh Circuit is 25%. (Doc. 210 at 3; Doc. 211 at 2). In determining the attorneys' fee award, the Court has considered all of the factors identified in Camden I.3

The settlement creates a common fund for the class of a maximum $7,920,000 in cash, or the cash equivalent of up to $11,880,000 in gift cards or cruise-exchangeable points. (Doc. 211 at 2). The parties agree that it is proper to consider the $3,000,000 in attorneys' fees and the $300,000 in costs (which the parties agreed to in the Settlement Agreement) as part of the common fund. The Court determines to take the rounded-up median cash or cash equivalent value of the settlement ($8,000,000 plus $12,000,000 equals $20,000,000, divided by two, equals $10,000,000), plus agreed-upon attorneys' fees ($3,000,000), plus uncontested costs and expenses ($300,000), for a common fund value of $13,300,000. The Court will adjust the 25% benchmark for attorneys' fees to 26.5%.4 Therefore, the Court multiples the value of the common fund ($13,300,000) by 26.5%, for a total attorneys' fees award of $3,524,500.

Therefore, the Court GRANTS Plaintiffs' Motion for Approval of Attorneys' Fees, Costs and Expenses, and For Approval of Service Awards to Class Representatives (Doc. 210) and awards Settlement Class Counsel the sum of $3,524,500 for attorneys' fees, and $300,000 for costs and expenses to be paid within thirty (30) days of the Effective Date, in accordance with the Settlement Agreement. The Court finds this amount of fees and costs to be fair and reasonable.

14. The Court grants Settlement Class Counsel's request for Service Awards to the Class Representatives and awards $10,000 each to Daniel Finerman and Donna Devino.5 The Court finds that this payment is justified by the Class Representatives' service to the Settlement Class. This payment shall be made within thirty (30) days of the Effective Date.

OTHER PROVISIONS

15. The Parties to the Settlement Agreement shall carry out their respective obligations thereunder.

16. Neither the Settlement Agreement, the Preliminary Approval Order, this Order finally approving the settlement, nor any of their provisions, nor any of the documents (including but not limited to drafts of the Settlement Agreement, the Preliminary Approval Order, and Final Approval Order), negotiations, or proceedings relating in any way to the settlement, shall be construed as or deemed to be evidence of an admission or concession of any kind by any person, including Defendants, nor of the certifiability of any class other than Settlement Class described herein, and shall not be offered or received in evidence in this or any other action or proceeding except in an action brought to enforce the terms of the Settlement Agreement or except as may be required by law or court order.

17. Settlement Class Counsel and the Settlement Administrator shall file a final accounting detailing the distribution of the Settlement Amount by December 18, 2018.

18. In the Preliminary Approval Order, this Court approved JND Legal Administration as the Settlement Administrator. The Settlement Administrator shall make all distributions to the Settlement Class Members pursuant to the terms of the Settlement Agreement and this Court's Orders.

19. This action is hereby dismissed with prejudice pursuant to Federal Rule of Civil Procedure 41. However, with the consent of the Parties, the Court retains jurisdiction for the purpose of enforcing the terms of the Settlement and of this Final Judgment and Order.

20. As of the Effective Date, the Releasing Parties, each on behalf of himself or herself and his or her respective heirs, assigns, beneficiaries, and successors, and whether or not such Releasing Party executes and delivers a Claim Form, shall automatically be deemed to have fully and irrevocably released and forever discharged Defendants and each of their present and former parents, subsidiaries, divisions, affiliates, predecessors, successors, and assigns, and the present and former directors, officers, employees, agents, insurers, shareholders, attorneys, advisors, consultants, representatives, partners, joint venturers, independent contractors, wholesalers, resellers, distributors, retailers, predecessors, successors, and assigns (collectively the "Released Parties"), of and from any and all liabilities, rights, claims, actions, causes of action, demands, damages, penalties, costs, attorneys' fees, losses, and remedies, whether known or unknown, existing or potential, suspected or unsuspected, liquidated or unliquidated, legal, statutory, or equitable, that result from, arise out of, are based upon, or relate to the booking or purchase of cruises from or through Defendants through the Exchange Program (the "Released Claims").

21. Settlement Class Counsel has waived, discharged, and released the Released Parties of and from any and all claims for attorney's fees, by lien or otherwise, for legal services rendered by Settlement Class Counsel in connection with the Action.

DONE AND ORDERED.