De Beers settlement attack rebuffed

April 20, 2012 by

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.

Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, consumer cases, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, employment matters, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.

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