[127] Professor Piché in her text Fairness in
Class Action Settlements, supra at pp. 179 - 80 summarizes the various factors for the settlement approval test into seven factors; i.e.: (1) judicial risk analysis: likelihood of recovery, or likelihood of success on the merits weighed against amount and form of settlement relief; (2) future expense, complexity and likely duration of litigation; (3) class reaction: number and nature of objections; (4) recommendations and experience of counsel and opinion of interested persons; (5) adequacy of representation: good faith and absence of collusion; (6) discovery evidence sufficient for «effective representation» and (7) adequacy of notice of proposed settlement to absent class mem
Class Action Settlements, supra at pp. 179 - 80 summarizes the various factors for the
settlement approval test into seven factors; i.e.: (1) judicial risk
analysis: likelihood
of recovery, or likelihood
of success on the merits weighed against amount and form
of settlement relief; (2) future expense, complexity and likely duration
of litigation; (3)
class reaction: number and nature of objections; (4) recommendations and experience of counsel and opinion of interested persons; (5) adequacy of representation: good faith and absence of collusion; (6) discovery evidence sufficient for «effective representation» and (7) adequacy of notice of proposed settlement to absent class mem
class reaction: number and nature
of objections; (4) recommendations and experience
of counsel and opinion
of interested persons; (5) adequacy
of representation: good faith and absence
of collusion; (6) discovery evidence sufficient for «effective representation» and (7) adequacy
of notice
of proposed
settlement to absent
class mem
class members.