Judge Nixes Sharper Image's Coupon Settlement

Law360, New York (October 11, 2007, 12:00 AM EDT) -- A federal judge on Thursday shot down a settlement deal that Sharper Image Corp. had proposed with plaintiffs who claimed the retailer’s $300-a-pop Ionic Breeze air purifiers did more harm than good. The deal had roused some class members' ire by proposing $19 coupons for the class and $1.9 million in spoils for attorneys.

“The undersigned cannot make the requisite written finding,” wrote Miami Judge Cecilia Altonaga in denying the motion for settlement approval, “that the third amended settlement agreement is procedurally or substantively fair, adequate...
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