The part the appellate panel at the 5th Circuit didn’t like involved how the attorney fees were paid out in relation to the financial risk assumed by the Singing River Pension retirees among other things. It goes back to Judge Guirola’s Courtroom per below:
It’s been over a year since Slabbed last had anything on the SRHS Pension meltdown. As it turned out there is a backstory to that post’s aftermath, but like the last post we’re not sharing it just yet.
I would imagine the next step would be to get the various class representatives back together to see if the deal can be salvaged by the counsel taking on the same level of risk they’d assign to the retirees. To quote occasional commenter Bill Dwyer, “we’re certainly keeping an eye on” it.