Alyson Palmer reports:
A class action over so-called junk faxes that at one point produced a $459 million verdict has settled for $10 million in cash—with additional money and litigation possible.
An insurance company for the now-defunct defendant, an Alpharetta home improvement company that sent thousands of unwanted fax messages, will contribute the settlement funds. The lawyers for the class are set to receive $5 million, with $1 million going to the lawyers for the defendant, American Home Services (AHS).
Read more on Daily Report. The case is A Fast Sign Co. v. American Home Services, No. 2003-CV-77276.