One of the better class notices I've seen appeared in Parade Magazine on Sunday, January 6, 2008. It announced a $295 million settlement of a diamond market price fixing class action lawsuit against De Beers diamonds.
The notice provides a nice summary of the class settlement with plenty of information on how class members can learn more about the case. The settlement fund totals some $295 million. It covers diamond purchases from Januay 1, 1994 through March 31, 2006. Additional information can be found at www.diamondclassaction.com.
Paul & Sugerman did not participate in this case and has no connection to the claim.
The size of the settlement fund suggests that class counsel did a great job in putting together what must have been a tough case. But more important, it's an impressive job of providing notice.
David F. Sugerman
www.pspc.com
Paul & Sugerman, PC
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