Thursday, October 10, 2013

Activity this week is consistent with possibility that settlement documents will be signed next week. There are approximately 30 to 50 entities/people who have to sign off, even if they don't sign the actual agreement, such as publishers and insurance companies. Other than the Holocaust survivors class action settlement, this is likely one of the most complicated class actions and settlements in history. Normally there is one defendant (consumer, securities, and labor cases); here there are the major databases, a number of named publishers, and then all the publishers who improperly put freelance content into the databases.