Court Gives Final Approval In De Beers Class Action Suit - Rapaport

The United States Federal District Court in New Jersey gave its written approval for the U.S. Diamond Class Action settlement with De Beers, the diamond company reported. The order follows the Fairness Hearing on the settlement in April, in which presiding Judge Chesler formally brought proceedings to a close. De Beers agreed to set up a $295 million fund from which individual consumers and diamond trade members could claim.

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Posted by Posted by Jewelry News at Monday, June 02, 2008 6:11 AM
Categories: Class Action Settlement, United States Federal District Court, De Beers, U.S. Diamond Class Action
 

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