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 is a “cynical and self-serving collusion” between the settling plaintiffs’ and companies’ attorneys that rewards...

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January 16, 2013

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