From the Bench: ARE SETTLEMENTS SACROSANCT?

From the Bench: ARE SETTLEMENTS SACROSANCT?

Any judge must recognize that a standard as broad and vague as "fair, reasonable, and adequate" must be narrowly defined if it is not to become an excuse for the exercise of judicial fiat. Because so few settlements are disapproved for the reasons already mentioned, the contours of the sta...

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Bibliographische Detailangaben
Veröffentlicht in:Litigation 2011-07, Vol.37 (4), p.15
1. Verfasser: Rakoff, Jed S
Format: Artikel
Sprache:eng
Schlagworte:
Bank acquisitions & mergers
Court hearings & proceedings
Judges & magistrates
Public interest
Settlements & damages
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Zusammenfassung:Any judge must recognize that a standard as broad and vague as "fair, reasonable, and adequate" must be narrowly defined if it is not to become an excuse for the exercise of judicial fiat. Because so few settlements are disapproved for the reasons already mentioned, the contours of the standard have yet to be limned with any precision.
ISSN:0097-9813
2162-9765