De Beers settlement attack rebuffed

Posted on: April 20th, 2012 by Steve Larson
Share

Objectors to a huge settlement with De Beers filed a petition for certiorari with the U.S. Supreme Court challenging the settlement.  On April 2, 2012, the U.S. Supreme Court denied a petition for certiorari filed by members of the indirect purchaser class in the De Beers class action lawsuits.  A second petition for certiorari filed by another member of the indirect purchaser class is still under consideration by the Supreme Court.

The denial of this petition means that the previous decision of the “en banc” Third Circhit Court of Appeals denying the class members’ attacks on the settlement will be reinstated.

Payment of claims will likely be delayed until the Supreme Court acts on the second petition for certiorari.