Monday, March 25, 2013
From the National Law Journal (excerpts):
The second time was the charm for a settlement in a class action alleging that law school students paid too much for BAR/BRI bar review preparatory course materials after West Publishing Corp. and Kaplan Inc. conspired to monopolize the market.
A fresh agreement provides for a payment of $9.5 million in cash. Lawyers told U.S. District Judge Manuel Real in Los Angeles, who rejected a previous settlement in 2011, that they would file documents by March 18 seeking preliminary approval of the new deal.
Real scheduled a hearing for April 15.
The . . . case, filed on behalf of two law school graduates who alleged they overpaid for their BAR/BRI courses and three law students who expected to take the bar exam in 2008 and 2009, involves those who purchased the courses as of August 1, 2006. The suit, which also levels antitrust allegations, seeks certification of a class of individuals who have paid for a BAR/BRI course and another of law students who anticipate purchasing the course. The potential class initially was estimated to be more than 120,000.
So, how much of the settlement would each injured student receive? I think we can make an intelligent guess.