$22 Million Background Check Settlement Approved

Caddell & Chapman acted as Co‑Lead Counsel for two nationwide classes totaling more than 250,000 consumers whose Fair Credit Reporting Act rights were allegedly violated by the background reporting practices of Lexis Nexis Risk Management, Inc. On June 25, 2008, the Federal District Court for the Eastern District of Virginia granted final approval to a more than $22 million total settlement that Caddell & Chapman and its Co‑Counsel negotiated less than two months before trial was to begin. The settlement provided nearly $16 million to affected class members without their having to participate in any claims process whatsoever. The court also approved an award of $4.75 million in fees and expenses and payment of $1.25 million in notice and administration costs.