Cronkite News reports on a case in which Kimberly Craven, represented by Ted Frank, objects to the process in which a settlement will be distributed to class members.
Craven has challenged the process that will be used to allocate the settlement money, which will be based on the size of IIM accounts.
She asserted that because the settlement will weigh payments on the worth of a person’s IIM account, people who suffered large losses – and thus have less in their accounts – could receive less than people whose account was handled properly and earned more money. Settlements will be based on an IIM’s 10 highest–earning years.
Read the full article at Cronkite News.