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Discover LudwigExact(34)
He said the amount "is a fair, adequate and reasonable one -- with one important caveat".
A decision posted to the court's Web site calls the settlement "fair, adequate and reasonable".
A judge has approved the final two settlements in the e-book price-fixing case, calling Macmillan and Penguin's deals "fair, adequate and reasonable".
Judge Chin acknowledged that "the creation of a universal digital library would benefit many," but said that the proposed agreement was "not fair, adequate and reasonable".
Judge Alvin K. Hellerstein of the United States District Court in Manhattan described the deal as "fair, adequate and reasonable" and urged the workers to accept it.
Judge Rakoff said the settlement was not fair, adequate or in the public interest because it contained no proven or admitted facts upon which to judge its worthiness.
Similar(26)
But bargains still require judicial approval; judges must determine that the proposed terms are "fair, reasonable, adequate, and in the public interest".
Under the federal securities laws, a judge is required to ascertain whether a proposed S.E.C. settlement is "fair, reasonable, adequate, and in the public interest".
Such settlements require court approval, and the judge is charged with finding that the settlement is "fair, reasonable, adequate and in the public interest".
Using a standard that enables judges to reject consent decrees if they are not "fair, reasonable, adequate and in the public interest", Rakoff rebelled against rubber-stamping the deal.
Judge Rakoff said he had rejected the Citigroup settlement because there were no established facts on which to base a decision whether the settlement was "fair, reasonable, adequate and in the public interest".
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CEO of Professional Science Editing for Scientists @ prosciediting.com