On January 26, 2016, the Klamann Law Firm won preliminary
approval of a class action settlement resolving claims that Progressive Casualty Insurance Company («Progressive») wrongfully offered -LSB-...]
Credit Card Interchange Fees: PSW represents liquidating trustees for several, large national merchants who have opted
out of a class action settlement in a multidistrict case arising from anticompetitive conduct in the credit and debit card markets.
Aside from being an exceedingly entertaining read (for anyone other than the petitioners» counsel), the opinion is of interest for Judge Posner's additional discussion of the potential (with an emphasis on the word potential)
abuses of class action settlements by both plaintiffs» attorneys and defendants.
Order Granting Provisional Certification of Settlement Class and Preliminary Approval of Class Action Settlement
2d 389, (D.N.J. 2006)(participated as liaison counsel in the defense of antitrust claims involving the carbon brush industry; assisted in securing court approval
of class action settlement).
You may view the settlement agreement and other related documents (including Plaintiffs» Motion for Preliminary Approval
of Class Action Settlement, the Court's Order Granting Preliminary Approval of Class Action Settlement, Plaintiffs» Motions for Final Approval of Class Action Settlement, Attorneys» Fees and Incentive Awards, and any opposition or reply papers related to these motions) here:
The parties later entered into settlement discussions, and on January 13, 2016, the court granted final approval
of a class action settlement and entry of order and judgement in the case.