The Seventh Circuit agreed with HLLI, vacating a $57 million attorneys’ fee award in the Broiler Chicken Antitrust Litigation. Theodore H. Frank, who argued the case remarked “this is an important decision that should help consumers win more money from large settlements, where plaintiffs’ attorneys enjoy economies of scale.”
HLLI represents its director, Theodore H. Frank, in objecting to a purported “$15 million settlement” that in fact delivers perhaps $2 million to class members, and earmarks $3.2 million for attorneys’ fees.
August 23 - FOR IMMEDIATE RELEASE Washington D.C. — On Monday, August 21, the Hamilton Lincoln Law Institute fought back against the Consumer Financial Protection Bureau’s unlawful attempts to discriminate against certain viewpoints and engineer social policy outside its statutory mandate with an amicus brief filed in the case CFPB v. Townstone Financial, Inc., pending before the U.S. Court of Appeals for the Seventh Circuit. HLLI’s brief supports Townstone, a mortgage…
HLLI’s Seventh Circuit amicus brief asserts that CFPB’s application of Regulation B and ECOA violates the First Amendment because it stifles free expression and facilitates viewpoint discrimination. The complaint below represents an effort by CFPB to strong-arm “inclusive” social policy rather than root out invidious discrimination, which was Congress’s intent when it passed ECOA.
Theodore H. Frank moved to intervene and reopen a shareholder derivative settlement approved in February, which would destroy at least $125 million in shareholder value.
HLLI represents an objector challenging the fairness of a settlement that pays class counsel $76,500,000 in attorneys’ fees, and deducts $5 million more in expenses and service awards, well above the standard 25% benchmark, and much higher than the 15-20% expected in a settlement of this size.
Ted Frank: This case doesn’t belong in the courts. Newport County Superior Court is unlikely to arrive at the optimal policy that balances the need for fossil fuels in the economy with an attempt to reduce global carbon emissions.
Ted Frank: Jackson’s dissent from the ruling on affirmative action makes an obviously implausible claim.
Melissa Holyoak, co-founder of the Hamilton Lincoln Law Institute, has been nominated to serve as Commissioner of the Federal Trade Commission.
Docket number: 23-1374 (8th Cir.) The Hamilton Lincoln Law Institute filed an amicus brief in support of two Missouri public school employees, Brooke Henderson and Jennifer Lumley. Henderson and Lumley allege that school officials conducting a mandatory diversity training violated the First Amendment by forcing the two to confess their privilege and commit themselves to anti-racist advocacy. The district court not only ruled against the plaintiffs, it ordered them to pay the…
