Midland Funding Robo-Signing Class Action Settlement Struck Down
this disparity in relief is so great that we conclude the
district court abused its discretion in finding that the
settlement was fair, reasonable, and adequate  Which is true,
but this reasoning would seem to suggest that the settlement
would be just fine if the named plaintiffs took home $100 each
and still owed their debts. That would be just as unfair,
unreasonable, and inadequate. But wait! The 6th Circuit is not
done (fortunately)! Here’s what else it had to say about that
$17.38:  the relief actually provided to the unnamed class
members is perfunctory at best  In other words, $17.38 is a
pretty shitty consolation prize when you probably owe hundreds
or thousands, when you will be prevented from raising the
inadequacy of the plaintiff’s affidavits in court again, and
when you would be entitled to $1,000 in statutory damages if you
brought a Fair Debt Collection Practices Act claim yourself.
(via CL&P Blog)