The United States Court of Appeals for the Second Circuit in the Southern District of New York. Photo: Ryland West/ALM Second Circuit Casts Doubt on 'Service Awards' in Class Action Settlements
The panel ordered the district court to lower the service award, but upheld the $5.6 billion settlement, which is believed to be the largest antitrust class action settlement in history.
March 15, 2023 at 08:30 PM
4 minute read
Class Actions
The original version of this story was published on National Law Journal
Judges on the U.S. Court of Appeals for the Second Circuit cast doubt on the use of service awards in class action settlements Tuesday, saying the basis for such fees for class representatives is "at best dubious" under U.S. Supreme Court precedent.
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