Attorneys representing objectors in Facebook’s Meta Platforms Inc.’s $725 million class action settlement are pushing back against demands to post $8,500 bonds prior to lodging their appeals. This dispute emerged after the legal representatives for the plaintiffs in the Facebook settlement demanded that bonds be posted by John Kress, Kendrick Jan and John Pentz. These lawyers are representing objectors, individuals who have lodged formal disagreements with the proposed resolution of the class action, alleging that these objectors have a history of ‘abusing the litigation process’ and are unlikely to succeed in their appeals.
The bonds being contested are typically required to cover costs during an appeal process. The exact reasoning behind the insistence for these objectors to post bonds, as well as an analysis of the potential effects on the contentious $725 million deal with Facebook, are detailed further in an article available on Law.com.