Tuesday, May 20, 2014

OBJECTION DEADLINE PAST

The objection deadline is past. There is one objection about faulty mailing of four or five notices in 2005. There are also two or three "complaints" [meaning not formal objections] also about the notice in 2005. There is no objection to the terms of the settlement. This makes it likely, but not certain, that the settlement will be approved on or near June 10th.

There is one issue raised by objection concerning the proposed fee, and fee allocation process among the original class counsel, now referred to as the A/B counsel. There maybe further briefing on that issue, and it should be decided on June 10th. This issue does not appear to have any potential to disrupt the settlement, so even if one or more parties are unhappy with the decision and initiates an appeal, it should not affect the approval of the settlement, or further processing of the claims.