After five objectors appealed the approval of $151 million in class action settlements over alleged price-fixing of polyurethane foam, a federal judge in Ohio slapped them with a $145,463 bond – then he hit them where it hurt.

“Their conduct here resembles scavenger ants on a jelly roll, scrambling to extort money from the approved settlements,” wrote U.S. District Judge Jack Zouhary in April. “To now have objectors file frivolous appeals in pursuit of a payoff is not simply a detriment to the settling parties — it is an insult to the judicial system.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]