9th Circuit: Debt Collection Settlement Provides No Value To The Class

Mealey's (January 31, 2017, 12:28 PM EST) -- PASADENA, Calif. — A Ninth Circuit U.S. Court of Appeals panel on Jan. 25 reversed a federal magistrate judge’s approval of a Fair Debt Collection Practices Act (FDCPA) settlement that provided monetary recovery only to the named plaintiffs and required the class of approximately 4 million to forfeit their right to bring a class complaint, opining that there was no evidence that the settlement was fair and reasonable (Michael P. Koby, et al. v. ARS National Services, Inc., et al., No. 13-56964, 9th Cir., 2017 U.S. App. LEXIS 1317)....

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