De Beers Prevails in Third Circuit Settlement Appeal

Skadden represented De Beers in securing an affirmance by the U.S. Court of Appeals for the Third Circuit of an appeal in connection with its $295 million settlement that resolved seven nationwide price-fixing class actions against the company (also handled by Skadden). In an en banc review on December 20, the Third Circuit agreed with the lower court's decision to affirm class certification and approve the settlement, reversing an August 2010 panel decision vacating it, and allowing the settlement to proceed uninterrupted.