The U.S. Court of Appeals for the Third Circuit has rejected a challenge to a $9.59 million settlement in a New Jersey class action over alleged rigging of bids for municipal tax sale certificates.

The September 2016 settlement is fair and reasonable, and the appellant’s allegations of unequal treatment of class members are unfounded, the appeals court said Sept. 6 in In Re: New Jersey Tax Sales Certificates Antitrust Litigation.