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In re. Ameritrade Accountholder Litigation: Court Rejects Class Settlement He Viewed as Providing Members of Plaintiff Class with No Real Benefits :: Digital Media Lawyer Blog

November 11, 2009

In re. Ameritrade Accountholder Litigation: Court Rejects Class Settlement He Viewed as Providing Members of Plaintiff Class with No Real Benefits :: Digital Media Lawyer Blog: “Digital Media Lawyer Blog
Published by Digital Media Lawyer, David Johnson of Jeffer Mangels Butler & Marmaro LLP
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Home > Data security Privacy Spam > In re. Ameritrade Accountholder Litigation: Court Rejects Class Settlement He Viewed as Providing Members of Plaintiff Class with No Real Benefits
Posted On: November 10, 2009 by David Johnson
In re. Ameritrade Accountholder Litigation: Court Rejects Class Settlement He Viewed as Providing Members of Plaintiff Class with No Real Benefits
On October 23, 2009, Judge Vaughn Walker did something that doesn’t happen very often. He rejected final approval of a class action settlement that was opposed by less than .001% of the members of the plaintiffs’ class. The reason: he had come to believe that while the settlement would cost Ameritrade millions, and pay $1.87 million to the plaintiffs’ counsel, it ultimately provided the plaintiffs themselves with no real benefits.
The case is the In re TD Ameritrade “

(Via .)