Originally Posted by gogreyhound

First, here is what the actual settlement document says about those eligible, although the document doesn't allow cutting and pasting:

The class of the class action is defined as "all Southwest customers who purchased an Eligible Drink Voucher through the purchase of a Business Select ticket or otherwise during the time period before August 1, 2010, but who did not redeem the Eligible Drink voucher. ... The class does not include Southwest customers who obtained drink vouchers or drink coupons through the Southwest Rapid Rewards program ...."
So the attorneys are congratulating themselved on a deal that probably affects only a small number of the coupons. Not only were the RR coupons around years before BS fares, but we can all see in the boarding lines that BS usually does not fill the A1-15 slots.
By contrast, the case as originally filed covered all unredeemed coupons, but the lawyers quickly retreated from that.

Paragraph DD notes that the replacement coupons will have an expiration date, but does not specify how that will be determined.

Section X says that Southwest will pay attorneys fees ranging from $1.75 million to $7 million, subject to a later application, and "costs" of as much as $30,000. In cash, course, not coupons. So valuing this deal at $28 million to $56 million is just a way for the attorneys to justify a weak result for a weak case. Why am I not excited by this?