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Latest Business News

Approval of Netflix Settlement Is Delayed

Wednesday, March 22, 2006 8:57:46 PM
By MICHAEL LIEDTKE

SAN FRANCISCO (AP) - A judge on Wednesday delayed approval of a proposed class-action settlement that would require Netflix Inc. to offer a free month of DVD rentals to resolve a lawsuit that prompted the popular online service to acknowledge it gives preferential treatment to its most profitable customers.

San Francisco Superior Court Judge Thomas Mellon Jr. indicated he needed more time to figure out how much he will reduce the fees of two San Francisco lawyers representing the interests of 5.5 million current and former Netflix subscribers.

The attorneys, Adam Gutride and Seth Safier, had filed papers seeking $2.3 million in fees to be paid by Netflix, but Mellon said he plans to award them significantly less money.


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