.....Federal Rule of Civil Procedure 23(e) requires judicial approval of any class action settlement. Review of a proposed settlement generally involves preliminary approval followed by a fairness hearing. .....(that Deutsche Bank rat out settlement took 9 months and was only $5mm)...........
....this is a potential HUGE PROBLEM if a few, or all of the sonterra/LIBOR appeal DEFENDANTS are added back to the suit defendant class, which is upheld and moves forward to Baltimore.................in the federal district court..................
....point is, it would be SIMPLER to have the full jury trial, rather then try to settle a GARGANTUAN case, for ALL OF LIBOR, with 15 separate banks and their law firms.............?????????????????................WTF.......................and BILLIONS of dollars..................?????..........
....BEST CASE is a full SUIT..............2 years of pain and agony..........and there is NO LEGAL CONTINGENCIES PAID out on a suit punitive damages amount...........let's do it..............aimho.................BAD AND UGLY.....what's new..........???.....
