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The agreement, announced by former U.S. District Court Judge Layn Phillips, still has to be presented for approval to presiding federal judge Anita Brody. “Of course, I reserve judgment on the fairness, reasonableness, and adequacy of the settlement until the motions for preliminary and final approval of the settlement are filed,†said Brody in a statement. “At that time, counsel must present a complete explanation and justification for the settlement. Right now, however, I commend the parties and their counsel on their extensive and good faith negotiations and thank Judge Phillips for his diligence in assisting the parties in reaching an agreement.â€ÂÂ
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