Defining "Coupon" Under the Class Action Fairness Act

Law360 (January 15, 2008, 12:00 AM EST) -- The Class Action Fairness Act ("CAFA") subjects "coupon settlements" to special rules governing court approval and plaintiffs' attorneys' fees, but CAFA does not define the term "coupon," and even after three years of experience with CAFA, class action practitioners have little idea how broadly courts will construe the term....

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