Federal court rejects proposed class action settlement in Similasan case

Legal Newsline reports on CEI’s Center for Class Action Fairness’s objection to the Similasan class action settlement. 

To fight the settlement, Arizona, Texas and six other attorneys general filed a brief July 28. In the brief, the attorneys general said the settlement was unfair, unreasonable and inadequate for consumers. “Only the defendant, class counsel, and the named plaintiffs receive particularized value from the deal, which fails to protect the absent class members,” the brief stated.

“All class members are giving up all of their non-personal injury monetary claims against the defendant without receiving any compensation different from the public at large,” the court said.

Read the full article at Legal Newsline