Judge OKs $36M Deal For Bad RV Fridges, Denying Objectors
Law360, New York (October 25, 2016, 8:37 PM EDT) -- A California federal judge has stamped final approval on a $36 million settlement between Norcold Inc. and a class of consumers who alleged the company's recreational vehicle refrigerators had a propensity to catch fire, disagreeing with a portion of the group's claim that the deal could be worth more.
U.S. District Judge Josephine L. Staton found reasonable and adequate the accord reached by Norcold, a subsidiary of Thetford Corp., and a now-certified nationwide class that includes owners of three models of Norcold refrigerators that supposedly could corrode, crack and leak, resulting in a fire. The complexity and likelihood of prolonged litigation, along...
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