3rd Circ. Ups Settlement Bar In Quashing Toys R Us Deal
By Melissa Lipman
Law360, New York (February 25, 2013, 9:16 PM EST) -- The broad language in the Third Circuit's recent decision nixing Toys R Us' $35 million antitrust class action settlement could make it harder for companies to pursue so-called claims-made deals as judges face greater pressure to make sure settlements actually benefit class members, attorneys say.
The Feb. 19 decision vacated the settlement in a case about whether Toys R Us conspired to fix the price of baby products after taking issue with the allocation of the $35 million fund. Though the plaintiffs attorneys were awarded $14...