This news isn’t as exciting as a holiday bonus or a pay raise. But it does mean that if you took the Bar/Bri bar review course between 1997 and 2006 — hey, that includes us! — you can buy a round of $12 martinis for you and a few friends.
According to a tipster:
According to the Los Angeles Daily Journal, the Bar/Bri antitrust class action settled for $49 million, to be paid out to 290,000 clients. Each client will get $125.
Bar/Bri also agreed to terminate a “co-marketing” venture with Kaplan as part of the deal. Neither defendant (Bar/Bri or Kaplan) admitted wrongdoing.
The plaintiff class is represented by McGuire Woods.
The full article, as reprinted in the National Law Journal, can be accessed here.
Update (12:30 PM): Information about how to claim your share of the settlement will appear here. Here at ATL, we’re all about news you can use!
BAR/BRI monolopy class action settled for $49M [National Law Journal]
BAR/BRI Class Action Website [official site]