Herrmann v. Meridian Mortgage Corp.

OPINION

LOUIS H. POLLAK, District Judge.

The motion to be addressed is plaintiff Howard Herrmann’s motion for preliminary approval of a proposed class settlement of Herrmann’s pending suit against defendant Meridian Mortgage Corporation.

I

A. The Pleadings

The pending suit is a proposed class action brought by Herrmann, a Pennsylvania resident, against Meridian, a company which deals in home mortgages and has a place of business in Pennsylvania. Meridian is both an originating lender and a servicer of home mortgages assigned to it by other lending institutions. According to the amended complaint,…