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'[A] district court can approve a class action settlement only if it is fair, adequate and reasonable,' City P'ship Co. v. Atl. Acquisition Ltd. P'ship, 100 F.3d 1041, 1043 (1st Cir. 1996), 'or (in shorthand) `reasonable,'' Nat'l Ass'n of Chain Drug Stores, 582 F.3d at 44. If the parties negotiated at arm's length and conducted sufficient discovery, the district court must presume the settlement is reasonable. City P'ship, 100 F.3d at 1043. '[T]he district court enjoys considerable range in approving or disapproving a class settlement, given the generality of the standard and the need to balance [a settlement's] benefits and costs.' Nat'l Ass'n of Chain Drug Stores, 582 F.3d at 45.
Delaware law clearly favors the voluntary settlement of litigation. Polk v. Good, Del.Supr., 507 A.2d 531 (1986); Neponsit Investment Co. v. Abramson, Del.Supr., 405 A.2d 97 (1979); Rome v. Archer, Del.Supr., 197 A.2d 49 (1964). It is neither necessary nor desirable for the Court to try the case or to decide any of the issues on the merits prior to determining whether a settlement should be approved. Polk v. Good, 507 A.2d at 536; Gladstone v. Bennett, Del.Supr., 153 ...
