Report: Court Overturns $1 Million RadioShack Receipt Settlement

A class-action settlement RadioShack reached with consumers that offered them $10 vouchers as compensation for printing their credit and debit card expiration dates on receipts has reportedly been overturned by the 7th U.S. Circuit Court of Appeals in Chicago. According to Reuters, a panel of three federal judges said the total $1 million settlement is too small considering the amount of legal fees that must be paid. The judges also said that the possibility of RadioShack going bankrupt, which would prevent plaintiffs from collecting anything, may have hastened them into accepting an unfair settlement while the company is open.