Public Storage, Customers Seal $5M Settlement In Fee Suit

By Nathan Hale (February 29, 2016, 6:35 PM EST) -- A Florida federal judge approved a $5 million settlement Monday in a class action claiming Public Storage overcharged customers for self-storage insurance, and made an upward adjustment in a fee award to class counsel for "excellent" work achieving a recovery she deemed relatively small but hardly certain.

U.S. District Judge Ursula Ungaro found the Sept. 5 settlement agreement, reached days before trial to cover the remaining claim brought by a Florida subclass under the Florida Deceptive and Unfair Trade Practices Act, was fair and reasonable, denying an objection that said it was too small.

She said her finding also stood when...

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