PHILADELPHIA - The Third Circuit U.S. Court of Appeals on Feb. 19 vacated the approval of a $35.5 million settlement in a baby products price-fixing suit, finding that the district court was apparently unaware of the large amount of the settlement fund that would be distributed to cy pres beneficiaries rather than to class members; in doing so, it also vacated the $14 million attorney fee award because its approval was based on terms of a settlement that are no longer in effect (In Re Baby Products...(read more)![]()
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