While no fines are to be paid, the Chicago and American exchanges said they had reached tentative settlements of a class-action suit covering the same issues but did not elaborate.
Robert Kaufman is among nearly 40,000 people who have filed claims under a $1.25 billion settlement of a class action suit in Federal District Court in Brooklyn in 2000.
In 1998, as part of a settlement of a class action against the tobacco companies in the US, the firms were obliged to place their internal documents in a public archive.
"Even a defendant who is innocent and holy may rationally choose to pay a few hundred million dollars in settlement of a class action rather than run the risk of ruinous liability," Judge Jacobs wrote.
"The district court had no authority to approve the settlement of a class that included members that had not sustained losses at all, or had sustained losses unrelated to the oil spill as BP alleges," the court ruled.
Correction: January 13 , 2001 Saturday An article on Wednesday about New York City's settlement of a class action lawsuit over the strip-searching of prisoners misstated the occupation of one plaintiff, Danni Tyson.
In this context, the announcement of the settlement of a class action for those who have been incarcerated under brutal conditions on Manus Island in Papua New Guinea on Wednesday was entirely predictable.
As I understand it, this is a byproduct of the fact that this is the settlement of a class action and can be addressed only by Congress passing orphan works legislation.
The Handschu Guidelines, which, in theory, regulate these operations, were developed in the 1980s as part of the settlement of a class action lawsuit by political groups that claimed that they had been spied upon and infiltrated by the NYPD.
In May Merrill Lynch agreed to replace its mandatory policy with a voluntary one as part of a settlement of a class action sex discrimination suit.
The requirement of opt out controls comes as part of a settlement of a class action lawsuit where five Californians said they did not consent to having their names, faces, and activity used to promote companies who paid Facebook.
