Samsung Class Deal Value of $65 Million ‘Facade,’ Objector Says

A class settlement resolving claims that certain Samsung top-loading washing machines are defective “resembles a Potemkin village—populated with fanciful structures devised to create the illusion of substance and value,” an objector told the court overseeing the deal June 7.

Class counsel’s valuation of the deal at $65 to $162 million “is a façade,” John Douglas Morgan said.

Class members will receive nothing if they don’t file a claim, and only 65,000 of the 2.8 million class members have filed so far, he said.

“While more claims may be received by the August 6 deadline, it is vanishingly unlikely that their ...