Settlement in Netflix/Walmart suit slammed
United Press International reports on the case in which a Netflix and Walmart settlement granted lawyers huge payments and class members less than a dollar each.
The terms of the settlement are not in the best interest of the class as required by federal law, said Theodore Frank, a nationally noted litigation expert and founder of the Center for Class Action Fairness in Washington.
Frank is also an appellant in the case.
"The settlement is so patently one that benefits the attorneys without really giving anything to the class members," Frank told FierceOnlineVideo.com.
"There are so many class members that if every class member had filed for a claim, they would have gotten less than a dollar each," Frank said, and the settlement "benefits class counsel at the expense of its clients."
Read the full article at United Press International.