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Home » Store » Taxable » NY Judge Chooses Modest Relief over Nothing for ‘Schneider’ Class

NY Judge Chooses Modest Relief over Nothing for ‘Schneider’ Class

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“A bird in hand is worth two in the bush” appears to be at the root of a New York federal judge’s decision to approve a settlement of a yield-spread premium case despite strong objection by the Federal Trade Commission. In Schneider v. Citicorp, Judge Nina Gershon of the Eastern District of New York ruled that approving the settlement was the only way that the plaintiffs can walk away with some relief rather than
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