4th Circuit Defines Objector’s Burden In Affirming Class Certification, Settlement

Mealey's (March 16, 2022, 2:08 PM EDT) -- RICHMOND, Va. — Finding no abuse of discretion, a Fourth Circuit U.S. Court of Appeals panel on March 15 upheld a grant of class certification and settlement approval in a case over an alleged life insurance fraud scheme that shifted debt to reinsurers; the ruling also addressed that the court had “never clearly described who bears what burdens when a class member objects to a proposed settlement.”...