Soskel v. Texaco, Inc.

OPINION

SAND, District Judge.

The parties seek approval of a settlement of a putative but uncertified class action which would provide neither notice nor benefit to the class but which would provide for the payment of a fee of $10,000 to plaintiffs’ counsel. The plaintiffs do not assert that the action lacks merit but claim that events subsequent to its commencement significantly diminish the economic incentives to pursue the claim. We are therefore called upon, pursuant to the mandate of F.R.Civ.P. 23(e) to determine, in the exercise of our discretion and “after a careful inquiry into the…