Court finds conflict of interest in class-action agreement

04/25/2013 | National Law Journal (free registration), The

The U.S. Court of Appeals for the 9th Circuit has rejected a class-action agreement that it said involves a conflict of interest. Plaintiffs in the case had said that credit-reporting agencies failed to delete certain debts from their credit reports after bankruptcy. The court threw the agreement out because named plaintiffs had to support the settlement, worth a total of $45 million, to get incentive awards of as much as $5,000 each.

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