Poly Foam Class Calls $151M Deal Objectors Extortionists
Law360, New York (March 2, 2016, 7:12 PM EST) -- A class of consumers that settled with nine flexible polyurethane foam manufacturers for $151.3 million over allegations of price fixing told an Ohio federal court on Tuesday that objectors to the deal should have to put up an appeal bond, calling them extortionists and saying the appeals are doomed.
U.S. District Judge Jack Zouhary approved the settlement in January, for a class of indirect purchasers of the foam products over seven objections. Of those objectors, four have told the court they were appealing the settlement’s approval to the Sixth Circuit, the class said. In a motion seeking an ordering requiring the...
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