28 ms·
As the dissent pointed out, getting voluntary concessions from parties is generally considered a good outcome in bankruptcy court and part of the reason it exis
by legitster 2y ago
As the dissent pointed out, getting voluntary concessions from parties is generally considered a good outcome in bankruptcy court and part of the reason it exists in the first place. Any time you can take a million lawsuits and turn it into one saves a lot of legal fees for everyone and frees up our court system.
Another thing the dissent pointed out is that anyone who doesn't participate in the group settlement is only going to get the money first-come/first-serve. In bankruptcy court you can split the money more or less evenly. If everyone litigates separately, only the people with more senior claims get their money before the funds run out.