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Judge Approves $149 Million Firestone Tire Settlement

Texas Lawyer

March 22, 2004

A state district judge in Beaumont, Texas, has approved a nationwide settlement, valued at up to $149 million, between Bridgestone/Firestone Inc. and consumers who allege in a class petition that their Firestone tires had a tendency to fail. But the vast majority of class members will get no monetary compensation -- a key issue for a small group of plaintiffs lawyers who object to the settlement and vow to appeal it.

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