Consumer Financial Protection Bureau v. Student Financial Aid Services, Inc.

Justia Dockets & Filings Ninth Circuit California Eastern District Consumer Financial Protection Bureau v. Student Financial Aid Services, Inc.

Consumer Financial Protection Bureau v. Student Financial Aid Services, Inc.

Plaintiff:	Consumer Financial Protection Bureau
Defendant:	Student Financial Aid Services, Inc.
Case Number:	2:2015cv01581
Filed:	July 23, 2015
Court:	US District Court for the Eastern District of California
Office:	Sacramento Office
County:	Sacramento
Presiding Judge:	Kendall J. Newman
Presiding Judge:	Garland E. Burrell
Nature of Suit:	Other Statutory Actions
Cause of Action:	00 U.S.C. § 0000
Jury Demanded By:	None

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Date Filed	Document Text
September 11, 2015	Filing 8 STIPULATED FINAL JUDGMENT AND ORDER signed by Judge Garland E. Burrell, Jr. on 9/11/2015 FINDINGS This Court has jurisdiction over the parties and the subject matter of this action; All parties agree to entry of this Order, without adjudication of any issue of fact or law, to settle and resolve all matters in this dispute arising from the conduct alleged in the Complaint to the date this Order is entered; Defendant SFAS neither admits nor denies any allegation in the Complaint, except as state d in this Order. For purposes of this Order, SFAS admits the facts necessary to establish the Court's jurisdiction over SFAS and the subject matter of this action; SFAS waives service under Rule 4(d) of the FRCP and waives all rights to seek ju dicial review or otherwise challenge or contest the validity of this Order; SFAS also waives any claim it may have under the EAJA, 28:2412, concerning the prosecution of this action to the date of this Order; each party will bear its own costs and e xpenses, including, without limitation, attorneys' fees; Entry of this Order is in the public interest; A judgment for equitable monetary relief and damages is entered in favor of the Bureau and against Defendant, in the amount of $14,500,0 00, for the purpose of providing redress to Affected Consumers for the alleged violations of law described in the Complaint;however, full payment of this judgment will be suspended upon satisfaction of the obligations in paragraphs 16 and 25 of this Order, and subject to Section IV of this Order; within 10 days of the Effective Date, Defendant must pay to the Bureau, by wire transfer to the Bureau or to the Bureau's agent, and according to the Bureau's wiring instructions, $5,200,000, towards the judgment referenced in paragraph 15 of this Order; The Court will retain jurisdiction of this matter for purposes of construction, modification, and enforcement of this Order. CASE CLOSED (Reader, L)

Date Filed

Document Text

September 11, 2015

Filing 8 STIPULATED FINAL JUDGMENT AND ORDER signed by Judge Garland E. Burrell, Jr. on *9/11/2015* FINDINGS This Court has jurisdiction over the parties and the subject matter of this action; All parties agree to entry of this Order, without adjudication of any issue of fact or law, to settle and resolve all matters in this dispute arising from the conduct alleged in the Complaint to the date this Order is entered; Defendant SFAS neither admits nor denies any allegation in the Complaint, except as state d in this Order. For purposes of this Order, SFAS admits the facts necessary to establish the Court's jurisdiction over SFAS and the subject matter of this action; SFAS waives service under Rule 4(d) of the FRCP and waives all rights to seek ju dicial review or otherwise challenge or contest the validity of this Order; SFAS also waives any claim it may have under the EAJA, 28:2412, concerning the prosecution of this action to the date of this Order; each party will bear its own costs and e xpenses, including, without limitation, attorneys' fees; Entry of this Order is in the public interest; A judgment for equitable monetary relief and damages is entered in favor of the Bureau and against Defendant, in the amount of $14,500,0 00, for the purpose of providing redress to Affected Consumers for the alleged violations of law described in the Complaint;however, full payment of this judgment will be suspended upon satisfaction of the obligations in paragraphs 16 and 25 of this Order, and subject to Section IV of this Order; within 10 days of the Effective Date, Defendant must pay to the Bureau, by wire transfer to the Bureau or to the Bureau's agent, and according to the Bureau's wiring instructions, $5,200,000, towards the judgment referenced in paragraph 15 of this Order; The Court will retain jurisdiction of this matter for purposes of construction, modification, and enforcement of this Order. CASE CLOSED (Reader, L)

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Plaintiff: Consumer Financial Protection Bureau
Represented By:	Maureen Elin McOwen
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Defendant: Student Financial Aid Services, Inc.
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