SAN FRANCISCO – A federal judge on Tuesday rejected a proposed $4.75 million settlement between eBay Inc. and a class of consumers, pointing to several defects including a plan to pay some claims by crediting class members' eBay accounts.
"The proposed settlement has obvious deficiencies, appears to grant preferential treatment to segments of the class, and does not appear to fall within the range of possible approval," wrote U.S. District Judge Jon Tigar in his order in Custom LED v. EBay, 12-350. "Accordingly, the parties' motion for approval of the settlement must be denied."
