CCAF Appeals Lithium Ion Batteries Antitrust Settlement
The Center for Class Action Fairness filed its opening brief in an appeal of the settlement in In re Lithium Ion Batteries Antitrust Litigation today, arguing that the Ninth Circuit should decertify the class and reverse the settlement approval. The settlement in this antitrust price-fixing case unlawfully reduces the recovery of class members who have stronger claims than others. In this type of settlement, relief distributed pro rata to a nationwide class is a false justice…