$36M Deal In Faulty Fridge Suit Is Sufficient, Class Says
Law360, New York (September 8, 2015, 2:44 PM EDT) -- Proposed class representatives who accused Dyson-Kissner-Moran Corp. of selling small fire-prone fridges used in boats asked a California federal judge Friday to approve a $36 million settlement, which is $3 million more than an amount the judge previously said was inadequate.
Since U.S. District Judge Josephine Staton rejected the deal June 15, counsel for the settling plaintiffs and Dyson-Kissner-Moran, and two of its subsidiaries, said they had engaged in renewed arms-length negotiations to address the judge's concerns, resulting in increasing the size of the settlement fund, according to a partially redacted motion for preliminary approval. The allocation for proposed class members...
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