What is the test for a finding that a settlement is fair, reasonable and adequate for abuse of discretion?
MultiRegion, United States of America
The following excerpt is from Sony Corp. Sxrd Michael Ouellette v. Cardenas, 10-3806-cv(L), 10-3814-cv(con), 10-3824-cv(con), 10-3829-cv(con), 10-3871-cv(con), 10-3873-cv(con), 10-3874-cv(con), 10-3888-cv(con) (2nd Cir. 2011):
We review a district court's determination that a settlement is "fair, reasonable, and adequate" for abuse of discretion. McReynolds v. Richards-Cantave, 588 F.3d 790, 800 (2d Cir. 2009). The district court's factual findings relating to the settlement are reviewed for clear error, while its rulings of law are reviewed de novo. Id.
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