Dissident Plaintiffs Want $33M Fridge Settlement Tossed

Law360, New York (March 16, 2015, 7:40 PM EDT) -- A group of plaintiffs in a proposed class action against Norcold Inc., Thetford Corp. and Dyson-Kissner-Moran Corp. over allegedly defective refrigerators asked a California judge on Friday to deny preliminary approval of a proposed $33 million settlement, saying that the companies have misrepresented their financial condition.

Six plaintiffs told the judge that the the defendants, contrary to representations by them and the settling plaintiffs, aren’t on the verge of bankruptcy and can pay more than $11 million a year for three years. They said the settlement...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Jeffery Etter, et al. v. Thetford Corporation, et al.


Case Number

8:13-cv-00081

Court

California Central

Nature of Suit

Other Statutory Actions

Judge

Josephine L. Staton

Date Filed

January 16, 2013

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.