Updated 2/27/2007

The National Law Journal is reporting that BAR/BRI (see previous post) has settled one of its class action suits. BAR/BRI and Kaplan (the other company accused of participating in anticompetitive behavior) agreed to pay a total of $49 million to settle the case.

Students who took the BAR/BRI over the past decade will be due $125 dollars. It's unclear how this will, if at all, affect those of us who plan on taking BAR/BRI in the near future.

Update: It looks like some of the lead plaintiffs in the BAR/BRI suit are not happy with the proposed outcome according to a law.com article...

• "Within the memo and in separate interviews, [co-plaintiff Loredana] Nesci and co-plaintiff Lisa Gintz . . . said they would do everything in their power to get the settlement revoked. Failing that, the two have indicated that they will ask the Central District of California to disgorge legal fees from their attorneys for alleged breach of fiduciary duty"

Interesting. Nesci's quote:

• "'Not that money is everything, but if it's supposed to represent something that you've been working on for like two years, that pretty much sucks,' Nesci said."

Full articles available here and here.

Wall Street Journal Law Blog has a nice summary of the settlement and the controversy it has caused here.

The New York Times did a nice write-up on the BAR/BRI suit here.