A $64 million settlement is in sight for a class-action suit over 175 million allegedly defective tires sold nationwide, and despite carping from consumer advocates who say it isn’t enough, plaintiffs’ lawyers call the pact a milestone in consumer-fraud litigation.
“We think this is a tremendous deal, a historic remedy under the Consumer Fraud Act,” says co-lead-counsel John Keefe Jr., a partner at Lynch Martin in Red Bank. “Usually the most you can do is get money for somebody. Here we’re writing conduct into the compliance process.”
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