Galvez v. InvestCloud
- Katherine Failla
- 1:23-cv-11301
- U.S. District Court · Southern District of New York
- 2
In Melissa Galvez v. InvestCloud, Judge Parker approved the parties’ Fair Labor Standards Act settlement and dismissed the action with prejudice.
Melissa Galvez and InvestCloud are bound by the approved settlement, and the action is dismissed with prejudice. The approval also addresses compensation for Galvez’s counsel.
What happened
Melissa Galvez sued InvestCloud under the Fair Labor Standards Act and New York Labor Law. The parties reached an agreement in principle to resolve the action and asked the court to approve their settlement.
The court reviewed the settlement agreement and the parties’ explanation of why it was fair, reasonable, and adequate. The court also considered the circumstances of the case and the parties’ positions.
Judge Parker found the settlement fair, reasonable, and adequate, including its compensation for Galvez’s legal counsel. The court approved the agreement and dismissed the action with prejudice, directing the clerk to close the case.
The detailed version
- Galvez v. InvestCloud · No. 1:23-cv-11301
- Katherine Failla
- Aug. 20, 2026
Background
Melissa Galvez brought this action against InvestCloud under the Fair Labor Standards Act and the New York Labor Law. The parties consented to the court’s authority under 28 U.S.C. § 636(c). They reached an agreement in principle and submitted a proposed settlement agreement and a joint letter asking the court to approve it.
Settlement Review
Because the action included claims under the Fair Labor Standards Act, the court conducted a fairness review of the proposed settlement. The court considered the parties’ written submissions, the settlement terms, and its familiarity with the strengths and weaknesses of the parties’ positions, including information from a pre-settlement telephone conference held on June 23, 2026.
Ruling
The court found that the settlement agreement was fair, reasonable, and adequate to redress Galvez’s claims and compensate her counsel for legal fees. The court therefore approved the agreement. Because the parties had also filed a signed stipulation of dismissal with prejudice, the court dismissed the action with prejudice and directed the clerk to close the case.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.