What is the test for determining whether a settlement is fair, reasonable and best interests of the settlement class?
British Columbia, Canada
The following excerpt is from Cantlie v. Canadian Heating Products Inc., 2015 BCSC 1225 (CanLII):
In Jeffery v. Nortel Networks, 2007 BCSC 69, Mr. Justice Groberman, as he then was, distilled the issues guiding the exercise of the court's discretion as to whether a settlement is fair, reasonable and in the best interests of the settlement class as follows:
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