Thursday, January 13, 2011

Victory: court rejects settlement

We'd like to think our objection had at least a little to do with the end result.

This decision is not a big surprise after the court was severely critical of the settlement during the December 16 fairness hearing. We won't know for a while why the court rejected the settlement, but Judge Richard Jones today issued an order stating that he did so, that the parties should return to litigation, and that a formal opinion would be forthcoming. (The parties might reasonably murmur that they're hard pressed to have productive settlement negotiations until they know where they fell short in the court's eyes.)

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