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.”
