In Lane v. Facebook, Inc., ___ F.3d ___ (9th Cir. Sept. 20, 2012), the Ninth Circuit affirmed final approval of a class action settlement, summarizing its holding as follows:
The question presented is whether the district court abused its discretion in approving the parties’ $9.5 million settlement agreement as “fair, reasonable, and adequate,” either because a Facebook employee sits on the board of the organization distributing cy pres funds or because the settlement amount was too low. We hold that it did not.
Slip op. at 11537. Senior Circuit Judge Kleinfeld filed a dissenting opinion.